This property looks like a bad Mid-Term investment with a projected -5.75% first-year return on $78,942 initial cash invested.
-5.75%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$2,946
Rent
-$378
Cashflow
Cash Flow
$2,946 income − $3,324 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,942
Downpayment
20%
$58,040
Closing costs
1%
$2,902
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,946
Total Expenses
$3,324
Mortgage P&I
54%
$1,598
Property Taxes
21%
$615
Home Insurance
4%
$103
HOA
0%
$6
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324