This property looks like a bad Mid-Term investment with a projected -0.11% first-year return on $79,761 initial cash invested.
-0.11%
Cash On Cash
6.48%
Cap Rate
1.07
DSCR
$2,715
Rent
-$7
Cashflow
Cash Flow
$2,715 income − $2,722 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,761
Downpayment
20%
$58,820
Closing costs
1%
$2,941
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$2,722
Mortgage P&I
55%
$1,487
Property Taxes
7%
$199
Home Insurance
4%
$104
HOA
0%
$8
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299