This property looks like a bad Mid-Term investment with a projected -4.96% first-year return on $79,908 initial cash invested.
-4.96%
Cash On Cash
5.76%
Cap Rate
0.86
DSCR
$2,666
Rent
-$330
Cashflow
Cash Flow
$2,666 income − $2,996 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$2,996
Mortgage P&I
61%
$1,638
Property Taxes
13%
$344
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293