This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $81,105 initial cash invested.
-1.24%
Cash On Cash
6.79%
Cap Rate
1.02
DSCR
$3,015
Rent
-$84
Cashflow
Cash Flow
$3,015 income − $3,099 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,105
Downpayment
20%
$60,100
Closing costs
1%
$3,005
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,015
Total Expenses
$3,099
Mortgage P&I
55%
$1,663
Property Taxes
10%
$303
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332