This property looks like a bad Mid-Term investment with a projected -7.92% first-year return on $79,950 initial cash invested.
-7.92%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$2,854
Rent
-$528
Cashflow
Cash Flow
$2,854 income − $3,382 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,854
Total Expenses
$3,382
Mortgage P&I
57%
$1,639
Property Taxes
23%
$670
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314