This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $78,690 initial cash invested.
-1.08%
Cash On Cash
6.6%
Cap Rate
1.03
DSCR
$2,786
Rent
-$71
Cashflow
Cash Flow
$2,786 income − $2,857 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$2,857
Mortgage P&I
56%
$1,549
Property Taxes
9%
$261
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306