This property looks like a bad Mid-Term investment with a projected -0.56% first-year return on $79,929 initial cash invested.
-0.56%
Cash On Cash
6.43%
Cap Rate
1.04
DSCR
$2,582
Rent
-$37
Cashflow
Cash Flow
$2,582 income − $2,619 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,929
Downpayment
20%
$58,980
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,582
Total Expenses
$2,619
Mortgage P&I
59%
$1,515
Property Taxes
5%
$124
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284