This property looks like a bad Mid-Term investment with a projected -6.48% first-year return on $79,089 initial cash invested.
-6.48%
Cash On Cash
5.27%
Cap Rate
0.79
DSCR
$2,378
Rent
-$427
Cashflow
Cash Flow
$2,378 income − $2,805 expenses = $427 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
$2,378
Total Expenses
$2,805
Mortgage P&I
68%
$1,610
Property Taxes
12%
$282
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262