This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $79,971 initial cash invested.
-2.16%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$2,898
Rent
-$144
Cashflow
Cash Flow
$2,898 income − $3,042 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,971
Downpayment
20%
$59,020
Closing costs
1%
$2,951
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,898
Total Expenses
$3,042
Mortgage P&I
55%
$1,604
Property Taxes
12%
$354
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319