This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $79,215 initial cash invested.
-2.17%
Cash On Cash
6.08%
Cap Rate
0.97
DSCR
$2,576
Rent
-$143
Cashflow
Cash Flow
$2,576 income − $2,719 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,215
Downpayment
20%
$58,300
Closing costs
1%
$2,915
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,576
Total Expenses
$2,719
Mortgage P&I
59%
$1,516
Property Taxes
9%
$221
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283