This property looks like a bad Mid-Term investment with a projected -0.72% first-year return on $79,950 initial cash invested.
-0.72%
Cash On Cash
6.74%
Cap Rate
1.04
DSCR
$2,808
Rent
-$48
Cashflow
Cash Flow
$2,808 income − $2,856 expenses = $48 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,808
Total Expenses
$2,856
Mortgage P&I
57%
$1,593
Property Taxes
7%
$205
Home Insurance
4%
$104
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309