This property looks like a bad Mid-Term investment with a projected -2.34% first-year return on $79,110 initial cash invested.
-2.34%
Cash On Cash
5.84%
Cap Rate
0.96
DSCR
$2,307
Rent
-$154
Cashflow
Cash Flow
$2,307 income − $2,461 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,110
Downpayment
20%
$58,200
Closing costs
1%
$2,910
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,307
Total Expenses
$2,461
Mortgage P&I
64%
$1,477
Property Taxes
4%
$98
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254