This property looks like a bad Mid-Term investment with a projected -0.62% first-year return on $79,656 initial cash invested.
-0.62%
Cash On Cash
6.82%
Cap Rate
1.04
DSCR
$2,666
Rent
-$41
Cashflow
Cash Flow
$2,666 income − $2,707 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,656
Downpayment
20%
$58,720
Closing costs
1%
$2,936
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$2,707
Mortgage P&I
60%
$1,602
Property Taxes
4%
$95
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293