This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $79,593 initial cash invested.
-3.26%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$2,612
Rent
-$216
Cashflow
Cash Flow
$2,612 income − $2,828 expenses = $216 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,612
Total Expenses
$2,828
Mortgage P&I
61%
$1,584
Property Taxes
10%
$259
Home Insurance
4%
$99
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287