This property looks like a bad Mid-Term investment with a projected -7.86% first-year return on $79,866 initial cash invested.
-7.86%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$2,631
Rent
-$523
Cashflow
Cash Flow
$2,631 income − $3,154 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,866
Downpayment
20%
$58,920
Closing costs
1%
$2,946
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,631
Total Expenses
$3,154
Mortgage P&I
62%
$1,623
Property Taxes
9%
$237
Home Insurance
4%
$108
HOA
11%
$292
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289