This property looks like a bad Mid-Term investment with a projected -8.34% first-year return on $79,682 initial cash invested.
-8.34%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$1,971
Rent
-$554
Cashflow
Cash Flow
$1,971 income − $2,525 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,682
Downpayment
20%
$58,745
Closing costs
1%
$2,937
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,971
Total Expenses
$2,525
Mortgage P&I
81%
$1,606
Property Taxes
7%
$145
Home Insurance
5%
$103
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$217