This property looks like a bad Mid-Term investment with a projected -0.6% first-year return on $79,782 initial cash invested.
-0.6%
Cash On Cash
6.51%
Cap Rate
1.05
DSCR
$3,036
Rent
-$40
Cashflow
Cash Flow
$3,036 income − $3,076 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,782
Downpayment
20%
$58,840
Closing costs
1%
$2,942
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,036
Total Expenses
$3,076
Mortgage P&I
50%
$1,515
Property Taxes
12%
$358
Home Insurance
3%
$105
HOA
2%
$67
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334