This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $79,803 initial cash invested.
-3.68%
Cash On Cash
6.01%
Cap Rate
0.91
DSCR
$2,452
Rent
-$245
Cashflow
Cash Flow
$2,452 income − $2,697 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,803
Downpayment
20%
$58,860
Closing costs
1%
$2,943
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,452
Total Expenses
$2,697
Mortgage P&I
66%
$1,622
Property Taxes
6%
$138
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270