This property looks like a bad Mid-Term investment with a projected -8.05% first-year return on $79,950 initial cash invested.
-8.05%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$2,170
Rent
-$536
Cashflow
Cash Flow
$2,170 income − $2,706 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,170
Total Expenses
$2,706
Mortgage P&I
69%
$1,505
Property Taxes
17%
$360
Home Insurance
5%
$103
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239