This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $79,950 initial cash invested.
-2.9%
Cash On Cash
5.84%
Cap Rate
0.94
DSCR
$2,493
Rent
-$193
Cashflow
Cash Flow
$2,493 income − $2,686 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,493
Total Expenses
$2,686
Mortgage P&I
61%
$1,529
Property Taxes
8%
$206
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274