This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $79,173 initial cash invested.
-5.29%
Cash On Cash
5.54%
Cap Rate
0.85
DSCR
$2,714
Rent
-$349
Cashflow
Cash Flow
$2,714 income − $3,063 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,173
Downpayment
20%
$58,260
Closing costs
1%
$2,913
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$3,063
Mortgage P&I
58%
$1,585
Property Taxes
17%
$451
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299