This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $79,950 initial cash invested.
-2.09%
Cash On Cash
6.11%
Cap Rate
0.98
DSCR
$2,656
Rent
-$139
Cashflow
Cash Flow
$2,656 income − $2,795 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,656
Total Expenses
$2,795
Mortgage P&I
58%
$1,534
Property Taxes
10%
$255
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292