This property looks like a bad Mid-Term investment with a projected -8.78% first-year return on $79,950 initial cash invested.
-8.78%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$1,822
Rent
-$585
Cashflow
Cash Flow
$1,822 income − $2,407 expenses = $585 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,822
Total Expenses
$2,407
Mortgage P&I
88%
$1,612
Property Taxes
4%
$72
Home Insurance
6%
$103
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$200