This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $79,278 initial cash invested.
-4.01%
Cash On Cash
6.14%
Cap Rate
0.9
DSCR
$2,630
Rent
-$265
Cashflow
Cash Flow
$2,630 income − $2,895 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,630
Total Expenses
$2,895
Mortgage P&I
63%
$1,652
Property Taxes
10%
$270
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289