This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $79,950 initial cash invested.
-6.63%
Cash On Cash
4.89%
Cap Rate
0.77
DSCR
$2,110
Rent
-$442
Cashflow
Cash Flow
$2,110 income − $2,552 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,110
Total Expenses
$2,552
Mortgage P&I
74%
$1,560
Property Taxes
8%
$169
Home Insurance
5%
$107
HOA
0%
$0
Property Management
12%
$253
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$232