This property looks like a bad Mid-Term investment with a projected -0.65% first-year return on $79,782 initial cash invested.
-0.65%
Cash On Cash
6.46%
Cap Rate
1.04
DSCR
$2,484
Rent
-$43
Cashflow
Cash Flow
$2,484 income − $2,527 expenses = $43 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,782
Downpayment
20%
$58,840
Closing costs
1%
$2,942
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,484
Total Expenses
$2,527
Mortgage P&I
62%
$1,529
Property Taxes
2%
$49
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$273