This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $79,404 initial cash invested.
-2.07%
Cash On Cash
6.29%
Cap Rate
0.99
DSCR
$2,902
Rent
-$137
Cashflow
Cash Flow
$2,902 income − $3,039 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,404
Downpayment
20%
$58,480
Closing costs
1%
$2,924
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,902
Total Expenses
$3,039
Mortgage P&I
54%
$1,553
Property Taxes
14%
$400
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319