This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $79,950 initial cash invested.
-0.2%
Cash On Cash
6.78%
Cap Rate
1.07
DSCR
$2,966
Rent
-$13
Cashflow
Cash Flow
$2,966 income − $2,979 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,966
Total Expenses
$2,979
Mortgage P&I
53%
$1,561
Property Taxes
10%
$306
Home Insurance
3%
$103
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326