This property looks like a bad Mid-Term investment with a projected -8.8% first-year return on $79,950 initial cash invested.
-8.8%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$2,780
Rent
-$586
Cashflow
Cash Flow
$2,780 income − $3,366 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,780
Total Expenses
$3,366
Mortgage P&I
58%
$1,623
Property Taxes
24%
$662
Home Insurance
4%
$103
HOA
1%
$33
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306