This property looks like a bad Mid-Term investment with a projected -13.01% first-year return on $79,047 initial cash invested.
-13.01%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$1,706
Rent
-$857
Cashflow
Cash Flow
$1,706 income − $2,563 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,706
Total Expenses
$2,563
Mortgage P&I
94%
$1,602
Property Taxes
16%
$276
Home Insurance
6%
$105
HOA
0%
$0
Property Management
12%
$205
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$188