This property looks like a bad Mid-Term investment with a projected -12.12% first-year return on $79,803 initial cash invested.
-12.12%
Cash On Cash
3.77%
Cap Rate
0.56
DSCR
$2,126
Rent
-$806
Cashflow
Cash Flow
$2,126 income − $2,932 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,803
Downpayment
20%
$58,860
Closing costs
1%
$2,943
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,126
Total Expenses
$2,932
Mortgage P&I
77%
$1,646
Property Taxes
22%
$458
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234