This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $80,034 initial cash invested.
-2.67%
Cash On Cash
6.45%
Cap Rate
0.96
DSCR
$2,692
Rent
-$178
Cashflow
Cash Flow
$2,692 income − $2,870 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,034
Downpayment
20%
$59,080
Closing costs
1%
$2,954
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$2,870
Mortgage P&I
62%
$1,659
Property Taxes
6%
$172
Home Insurance
4%
$105
HOA
1%
$18
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296