This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $79,068 initial cash invested.
-4.58%
Cash On Cash
5.69%
Cap Rate
0.87
DSCR
$2,547
Rent
-$302
Cashflow
Cash Flow
$2,547 income − $2,849 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,068
Downpayment
20%
$58,160
Closing costs
1%
$2,908
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,547
Total Expenses
$2,849
Mortgage P&I
62%
$1,580
Property Taxes
12%
$298
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280