This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $79,236 initial cash invested.
-2.8%
Cash On Cash
6.33%
Cap Rate
0.95
DSCR
$2,714
Rent
-$185
Cashflow
Cash Flow
$2,714 income − $2,899 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,236
Downpayment
20%
$58,320
Closing costs
1%
$2,916
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$2,899
Mortgage P&I
60%
$1,615
Property Taxes
8%
$224
Home Insurance
4%
$117
HOA
1%
$19
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299