This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $79,908 initial cash invested.
-3.18%
Cash On Cash
6.2%
Cap Rate
0.93
DSCR
$2,481
Rent
-$212
Cashflow
Cash Flow
$2,481 income − $2,693 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,481
Total Expenses
$2,693
Mortgage P&I
66%
$1,635
Property Taxes
6%
$141
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273