This property looks like a bad Mid-Term investment with a projected -5.46% first-year return on $79,950 initial cash invested.
-5.46%
Cash On Cash
5.56%
Cap Rate
0.83
DSCR
$2,301
Rent
-$364
Cashflow
Cash Flow
$2,301 income − $2,665 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,301
Total Expenses
$2,665
Mortgage P&I
71%
$1,638
Property Taxes
6%
$142
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253