This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $79,467 initial cash invested.
-2.33%
Cash On Cash
5.96%
Cap Rate
0.96
DSCR
$2,472
Rent
-$154
Cashflow
Cash Flow
$2,472 income − $2,626 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,467
Downpayment
20%
$58,540
Closing costs
1%
$2,927
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,472
Total Expenses
$2,626
Mortgage P&I
61%
$1,509
Property Taxes
7%
$171
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272