This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $79,740 initial cash invested.
-2.62%
Cash On Cash
6.09%
Cap Rate
0.95
DSCR
$2,386
Rent
-$174
Cashflow
Cash Flow
$2,386 income − $2,560 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,740
Downpayment
20%
$58,800
Closing costs
1%
$2,940
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,386
Total Expenses
$2,560
Mortgage P&I
66%
$1,570
Property Taxes
3%
$77
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262