This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $79,950 initial cash invested.
-3.09%
Cash On Cash
6.11%
Cap Rate
0.94
DSCR
$2,799
Rent
-$206
Cashflow
Cash Flow
$2,799 income − $3,005 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,799
Total Expenses
$3,005
Mortgage P&I
57%
$1,597
Property Taxes
12%
$342
Home Insurance
4%
$103
HOA
0%
$11
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308