This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $79,866 initial cash invested.
-1.13%
Cash On Cash
6.67%
Cap Rate
1.03
DSCR
$2,884
Rent
-$75
Cashflow
Cash Flow
$2,884 income − $2,959 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,884
Total Expenses
$2,959
Mortgage P&I
55%
$1,598
Property Taxes
10%
$288
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317