This property looks like a bad Mid-Term investment with a projected -0.58% first-year return on $79,173 initial cash invested.
-0.58%
Cash On Cash
6.87%
Cap Rate
1.05
DSCR
$2,740
Rent
-$38
Cashflow
Cash Flow
$2,740 income − $2,778 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,173
Downpayment
20%
$58,260
Closing costs
1%
$2,913
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,740
Total Expenses
$2,778
Mortgage P&I
58%
$1,595
Property Taxes
5%
$146
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301