This property looks like a bad Mid-Term investment with a projected -0.27% first-year return on $79,950 initial cash invested.
-0.27%
Cash On Cash
6.94%
Cap Rate
1.06
DSCR
$2,672
Rent
-$18
Cashflow
Cash Flow
$2,672 income − $2,690 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,672
Total Expenses
$2,690
Mortgage P&I
60%
$1,616
Property Taxes
2%
$62
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294