This property looks like a bad Mid-Term investment with a projected -0.03% first-year return on $82,680 initial cash invested.
-0.03%
Cash On Cash
6.9%
Cap Rate
1.07
DSCR
$2,973
Rent
-$2
Cashflow
Cash Flow
$2,973 income − $2,975 expenses = $2 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,680
Downpayment
20%
$61,600
Closing costs
1%
$3,080
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,973
Total Expenses
$2,975
Mortgage P&I
56%
$1,655
Property Taxes
7%
$198
Home Insurance
4%
$111
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327