This property looks like a bad Mid-Term investment with a projected -1.83% first-year return on $79,257 initial cash invested.
-1.83%
Cash On Cash
6.5%
Cap Rate
1
DSCR
$2,874
Rent
-$121
Cashflow
Cash Flow
$2,874 income − $2,995 expenses = $121 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,257
Downpayment
20%
$58,340
Closing costs
1%
$2,917
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,874
Total Expenses
$2,995
Mortgage P&I
55%
$1,586
Property Taxes
11%
$324
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316