This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $79,236 initial cash invested.
-2.53%
Cash On Cash
6.42%
Cap Rate
0.96
DSCR
$2,602
Rent
-$167
Cashflow
Cash Flow
$2,602 income − $2,769 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,236
Downpayment
20%
$58,320
Closing costs
1%
$2,916
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,602
Total Expenses
$2,769
Mortgage P&I
62%
$1,622
Property Taxes
6%
$158
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286