This property looks like a bad Mid-Term investment with a projected -5.55% first-year return on $79,950 initial cash invested.
-5.55%
Cash On Cash
5.62%
Cap Rate
0.84
DSCR
$2,892
Rent
-$370
Cashflow
Cash Flow
$2,892 income − $3,262 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,892
Total Expenses
$3,262
Mortgage P&I
57%
$1,635
Property Taxes
16%
$470
Home Insurance
4%
$103
HOA
2%
$70
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318