This property looks like a bad Mid-Term investment with a projected -0.62% first-year return on $79,950 initial cash invested.
-0.62%
Cash On Cash
6.59%
Cap Rate
1.05
DSCR
$2,826
Rent
-$41
Cashflow
Cash Flow
$2,826 income − $2,867 expenses = $41 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
$2,826
Total Expenses
$2,867
Mortgage P&I
55%
$1,547
Property Taxes
9%
$256
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311