This property looks like a bad Mid-Term investment with a projected -5.39% first-year return on $79,929 initial cash invested.
-5.39%
Cash On Cash
5.46%
Cap Rate
0.83
DSCR
$2,276
Rent
-$359
Cashflow
Cash Flow
$2,276 income − $2,635 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,929
Downpayment
20%
$58,980
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,276
Total Expenses
$2,635
Mortgage P&I
71%
$1,611
Property Taxes
7%
$148
Home Insurance
5%
$103
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250