This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $79,047 initial cash invested.
-2.05%
Cash On Cash
6.21%
Cap Rate
0.98
DSCR
$2,652
Rent
-$135
Cashflow
Cash Flow
$2,652 income − $2,787 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,652
Total Expenses
$2,787
Mortgage P&I
58%
$1,533
Property Taxes
10%
$268
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292