This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $79,950 initial cash invested.
-0.75%
Cash On Cash
6.44%
Cap Rate
1.04
DSCR
$2,740
Rent
-$50
Cashflow
Cash Flow
$2,740 income − $2,790 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,740
Total Expenses
$2,790
Mortgage P&I
56%
$1,524
Property Taxes
8%
$231
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301