This property looks like a bad Mid-Term investment with a projected -6.5% first-year return on $79,950 initial cash invested.
-6.5%
Cash On Cash
4.71%
Cap Rate
0.77
DSCR
$2,070
Rent
-$433
Cashflow
Cash Flow
$2,070 income − $2,503 expenses = $433 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,070
Total Expenses
$2,503
Mortgage P&I
73%
$1,508
Property Taxes
9%
$188
Home Insurance
5%
$103
HOA
0%
$0
Property Management
12%
$248
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228