This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $79,866 initial cash invested.
-2.4%
Cash On Cash
6.4%
Cap Rate
0.97
DSCR
$2,608
Rent
-$160
Cashflow
Cash Flow
$2,608 income − $2,768 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,866
Downpayment
20%
$58,920
Closing costs
1%
$2,946
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,608
Total Expenses
$2,768
Mortgage P&I
62%
$1,628
Property Taxes
6%
$149
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287