This property looks like a bad Mid-Term investment with a projected -1.44% first-year return on $79,908 initial cash invested.
-1.44%
Cash On Cash
6.48%
Cap Rate
1.01
DSCR
$2,722
Rent
-$96
Cashflow
Cash Flow
$2,722 income − $2,818 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$2,818
Mortgage P&I
58%
$1,580
Property Taxes
8%
$207
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299