This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $79,908 initial cash invested.
-5.09%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$2,312
Rent
-$339
Cashflow
Cash Flow
$2,312 income − $2,651 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,312
Total Expenses
$2,651
Mortgage P&I
70%
$1,614
Property Taxes
6%
$148
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254