This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $79,572 initial cash invested.
-2.2%
Cash On Cash
6.09%
Cap Rate
0.97
DSCR
$2,512
Rent
-$146
Cashflow
Cash Flow
$2,512 income − $2,658 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,572
Downpayment
20%
$58,640
Closing costs
1%
$2,932
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,512
Total Expenses
$2,658
Mortgage P&I
61%
$1,534
Property Taxes
7%
$167
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276