This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $79,929 initial cash invested.
-4.35%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$2,595
Rent
-$290
Cashflow
Cash Flow
$2,595 income − $2,885 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,929
Downpayment
20%
$58,980
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,595
Total Expenses
$2,885
Mortgage P&I
63%
$1,625
Property Taxes
11%
$275
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285