This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $79,572 initial cash invested.
-3.18%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$2,478
Rent
-$211
Cashflow
Cash Flow
$2,478 income − $2,689 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,572
Downpayment
20%
$58,640
Closing costs
1%
$2,932
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,478
Total Expenses
$2,689
Mortgage P&I
65%
$1,602
Property Taxes
6%
$141
Home Insurance
4%
$104
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273