This property looks like a bad Mid-Term investment with a projected -1.91% first-year return on $79,089 initial cash invested.
-1.91%
Cash On Cash
6.57%
Cap Rate
0.99
DSCR
$2,643
Rent
-$126
Cashflow
Cash Flow
$2,643 income − $2,769 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,089
Downpayment
20%
$58,180
Closing costs
1%
$2,909
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,643
Total Expenses
$2,769
Mortgage P&I
61%
$1,612
Property Taxes
6%
$153
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291