This property looks like a bad Mid-Term investment with a projected -4.47% first-year return on $79,005 initial cash invested.
-4.47%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$3,326
Rent
-$294
Cashflow
Cash Flow
$3,326 income − $3,620 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,005
Downpayment
20%
$58,100
Closing costs
1%
$2,905
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,326
Total Expenses
$3,620
Mortgage P&I
48%
$1,605
Property Taxes
9%
$286
Home Insurance
3%
$105
HOA
15%
$493
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366