This property looks like a bad Mid-Term investment with a projected -0.71% first-year return on $79,950 initial cash invested.
-0.71%
Cash On Cash
6.44%
Cap Rate
1.03
DSCR
$2,478
Rent
-$47
Cashflow
Cash Flow
$2,478 income − $2,525 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,478
Total Expenses
$2,525
Mortgage P&I
62%
$1,531
Property Taxes
2%
$49
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273