This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $79,530 initial cash invested.
-1.54%
Cash On Cash
6.75%
Cap Rate
1.01
DSCR
$2,991
Rent
-$102
Cashflow
Cash Flow
$2,991 income − $3,093 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,530
Downpayment
20%
$58,600
Closing costs
1%
$2,930
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,991
Total Expenses
$3,093
Mortgage P&I
54%
$1,629
Property Taxes
9%
$272
Home Insurance
4%
$116
HOA
2%
$58
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329