This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $79,404 initial cash invested.
-3.37%
Cash On Cash
6.15%
Cap Rate
0.93
DSCR
$2,559
Rent
-$223
Cashflow
Cash Flow
$2,559 income − $2,782 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,404
Downpayment
20%
$58,480
Closing costs
1%
$2,924
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,559
Total Expenses
$2,782
Mortgage P&I
63%
$1,619
Property Taxes
7%
$189
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281