This property looks like a bad Mid-Term investment with a projected -2% first-year return on $61,237 initial cash invested.
-2%
Cash On Cash
6.54%
Cap Rate
1.02
DSCR
$3,429
Rent
-$102
Cashflow
Cash Flow
$3,429 income − $3,531 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,237
Downpayment
20%
$58,320
Closing costs
1%
$2,916
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$3,429
Total Expenses
$3,531
Mortgage P&I
45%
$1,554
Property Taxes
13%
$445
Home Insurance
3%
$102
HOA
8%
$265
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377