This property looks like a bad Mid-Term investment with a projected -1.21% first-year return on $79,425 initial cash invested.
-1.21%
Cash On Cash
6.72%
Cap Rate
1.04
DSCR
$3,576
Rent
-$80
Cashflow
Cash Flow
$3,576 income − $3,656 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,576
Total Expenses
$3,656
Mortgage P&I
44%
$1,574
Property Taxes
21%
$745
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393