This property looks like a bad Mid-Term investment with a projected -1.86% first-year return on $79,362 initial cash invested.
-1.86%
Cash On Cash
6.2%
Cap Rate
1
DSCR
$2,904
Rent
-$123
Cashflow
Cash Flow
$2,904 income − $3,027 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,362
Downpayment
20%
$58,440
Closing costs
1%
$2,922
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$3,027
Mortgage P&I
52%
$1,516
Property Taxes
14%
$420
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319