This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $79,047 initial cash invested.
-1.14%
Cash On Cash
6.92%
Cap Rate
1.02
DSCR
$2,784
Rent
-$75
Cashflow
Cash Flow
$2,784 income − $2,859 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,784
Total Expenses
$2,859
Mortgage P&I
59%
$1,641
Property Taxes
6%
$168
Home Insurance
4%
$104
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306