This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $79,404 initial cash invested.
-0.7%
Cash On Cash
6.89%
Cap Rate
1.05
DSCR
$3,016
Rent
-$46
Cashflow
Cash Flow
$3,016 income − $3,062 expenses = $46 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,404
Downpayment
20%
$58,480
Closing costs
1%
$2,924
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,016
Total Expenses
$3,062
Mortgage P&I
53%
$1,605
Property Taxes
11%
$326
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332