This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $79,278 initial cash invested.
-4.09%
Cash On Cash
5.66%
Cap Rate
0.89
DSCR
$2,486
Rent
-$270
Cashflow
Cash Flow
$2,486 income − $2,756 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,486
Total Expenses
$2,756
Mortgage P&I
62%
$1,547
Property Taxes
11%
$262
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$273