This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $79,257 initial cash invested.
-2.57%
Cash On Cash
6.32%
Cap Rate
0.96
DSCR
$2,726
Rent
-$170
Cashflow
Cash Flow
$2,726 income − $2,896 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,257
Downpayment
20%
$58,340
Closing costs
1%
$2,917
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,726
Total Expenses
$2,896
Mortgage P&I
59%
$1,598
Property Taxes
9%
$244
Home Insurance
4%
$105
HOA
1%
$22
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300