This property looks like a bad Mid-Term investment with a projected -0.44% first-year return on $78,879 initial cash invested.
-0.44%
Cash On Cash
6.75%
Cap Rate
1.05
DSCR
$2,714
Rent
-$29
Cashflow
Cash Flow
$2,714 income − $2,743 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,714
Total Expenses
$2,743
Mortgage P&I
57%
$1,550
Property Taxes
6%
$167
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299