This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $79,614 initial cash invested.
-3.06%
Cash On Cash
6.39%
Cap Rate
0.95
DSCR
$3,096
Rent
-$203
Cashflow
Cash Flow
$3,096 income − $3,299 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,096
Total Expenses
$3,299
Mortgage P&I
53%
$1,641
Property Taxes
16%
$499
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341