This property looks like a bad Mid-Term investment with a projected -6.58% first-year return on $79,929 initial cash invested.
-6.58%
Cash On Cash
5.11%
Cap Rate
0.79
DSCR
$2,402
Rent
-$438
Cashflow
Cash Flow
$2,402 income − $2,840 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,929
Downpayment
20%
$58,980
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,402
Total Expenses
$2,840
Mortgage P&I
67%
$1,598
Property Taxes
13%
$323
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264