This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $78,879 initial cash invested.
-6.91%
Cash On Cash
4.66%
Cap Rate
0.75
DSCR
$2,126
Rent
-$454
Cashflow
Cash Flow
$2,126 income − $2,580 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,126
Total Expenses
$2,580
Mortgage P&I
70%
$1,494
Property Taxes
12%
$260
Home Insurance
5%
$103
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234