This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $79,824 initial cash invested.
-4.56%
Cash On Cash
5.94%
Cap Rate
0.88
DSCR
$2,714
Rent
-$303
Cashflow
Cash Flow
$2,714 income − $3,017 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,824
Downpayment
20%
$58,880
Closing costs
1%
$2,944
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$3,017
Mortgage P&I
61%
$1,651
Property Taxes
12%
$337
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299