This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $80,034 initial cash invested.
-3.36%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$2,604
Rent
-$224
Cashflow
Cash Flow
$2,604 income − $2,828 expenses = $224 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,034
Downpayment
20%
$59,080
Closing costs
1%
$2,954
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,604
Total Expenses
$2,828
Mortgage P&I
62%
$1,618
Property Taxes
8%
$221
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286