This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $79,950 initial cash invested.
-2.42%
Cash On Cash
5.89%
Cap Rate
0.96
DSCR
$2,446
Rent
-$161
Cashflow
Cash Flow
$2,446 income − $2,607 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,446
Total Expenses
$2,607
Mortgage P&I
62%
$1,511
Property Taxes
7%
$161
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269