This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $79,593 initial cash invested.
-4.51%
Cash On Cash
5.58%
Cap Rate
0.87
DSCR
$2,460
Rent
-$299
Cashflow
Cash Flow
$2,460 income − $2,759 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$2,759
Mortgage P&I
64%
$1,566
Property Taxes
10%
$252
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271