This property looks like a bad Mid-Term investment with a projected -2.19% first-year return on $79,950 initial cash invested.
-2.19%
Cash On Cash
5.95%
Cap Rate
0.97
DSCR
$2,337
Rent
-$146
Cashflow
Cash Flow
$2,337 income − $2,483 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,337
Total Expenses
$2,483
Mortgage P&I
65%
$1,516
Property Taxes
3%
$71
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257