This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $79,719 initial cash invested.
-5.49%
Cash On Cash
4.96%
Cap Rate
0.82
DSCR
$2,242
Rent
-$365
Cashflow
Cash Flow
$2,242 income − $2,607 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,719
Downpayment
20%
$58,780
Closing costs
1%
$2,939
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,242
Total Expenses
$2,607
Mortgage P&I
66%
$1,489
Property Taxes
12%
$261
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247