This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $79,278 initial cash invested.
-4.86%
Cash On Cash
5.51%
Cap Rate
0.87
DSCR
$2,988
Rent
-$321
Cashflow
Cash Flow
$2,988 income − $3,309 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,988
Total Expenses
$3,309
Mortgage P&I
52%
$1,540
Property Taxes
14%
$414
Home Insurance
4%
$105
HOA
8%
$232
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329