This property looks like a bad Mid-Term investment with a projected -0.21% first-year return on $79,425 initial cash invested.
-0.21%
Cash On Cash
7.02%
Cap Rate
1.08
DSCR
$3,501
Rent
-$14
Cashflow
Cash Flow
$3,501 income − $3,515 expenses = $14 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,425
Downpayment
20%
$58,500
Closing costs
1%
$2,925
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,501
Total Expenses
$3,515
Mortgage P&I
45%
$1,585
Property Taxes
18%
$647
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385