This property looks like a bad Mid-Term investment with a projected -3.84% first-year return on $79,362 initial cash invested.
-3.84%
Cash On Cash
5.57%
Cap Rate
0.91
DSCR
$2,842
Rent
-$254
Cashflow
Cash Flow
$2,842 income − $3,096 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,362
Downpayment
20%
$58,440
Closing costs
1%
$2,922
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$3,096
Mortgage P&I
53%
$1,497
Property Taxes
18%
$525
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313