This property looks like a bad Mid-Term investment with a projected -1.04% first-year return on $79,614 initial cash invested.
-1.04%
Cash On Cash
6.77%
Cap Rate
1.03
DSCR
$2,944
Rent
-$69
Cashflow
Cash Flow
$2,944 income − $3,013 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,614
Downpayment
20%
$58,680
Closing costs
1%
$2,934
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,944
Total Expenses
$3,013
Mortgage P&I
55%
$1,607
Property Taxes
10%
$297
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324