This property looks like a bad Mid-Term investment with a projected -0.99% first-year return on $79,887 initial cash invested.
-0.99%
Cash On Cash
6.78%
Cap Rate
1.04
DSCR
$3,189
Rent
-$66
Cashflow
Cash Flow
$3,189 income − $3,255 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,887
Downpayment
20%
$58,940
Closing costs
1%
$2,947
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,189
Total Expenses
$3,255
Mortgage P&I
50%
$1,603
Property Taxes
14%
$461
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351