This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $79,656 initial cash invested.
-3.57%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$2,742
Rent
-$237
Cashflow
Cash Flow
$2,742 income − $2,979 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,656
Downpayment
20%
$58,720
Closing costs
1%
$2,936
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,742
Total Expenses
$2,979
Mortgage P&I
59%
$1,605
Property Taxes
13%
$350
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302