This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $79,922 initial cash invested.
-5.68%
Cash On Cash
5.56%
Cap Rate
0.83
DSCR
$2,586
Rent
-$378
Cashflow
Cash Flow
$2,586 income − $2,964 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,922
Downpayment
20%
$58,973
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,586
Total Expenses
$2,964
Mortgage P&I
64%
$1,642
Property Taxes
12%
$304
Home Insurance
4%
$103
HOA
1%
$37
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284