This property looks like a bad Mid-Term investment with a projected -1.38% first-year return on $79,950 initial cash invested.
-1.38%
Cash On Cash
6.33%
Cap Rate
1.01
DSCR
$2,834
Rent
-$92
Cashflow
Cash Flow
$2,834 income − $2,926 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,834
Total Expenses
$2,926
Mortgage P&I
54%
$1,535
Property Taxes
11%
$325
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312