This property looks like a bad Mid-Term investment with a projected -0.29% first-year return on $78,963 initial cash invested.
-0.29%
Cash On Cash
6.82%
Cap Rate
1.07
DSCR
$3,128
Rent
-$19
Cashflow
Cash Flow
$3,128 income − $3,147 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,963
Downpayment
20%
$58,060
Closing costs
1%
$2,903
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,128
Total Expenses
$3,147
Mortgage P&I
49%
$1,544
Property Taxes
13%
$409
Home Insurance
3%
$105
HOA
1%
$26
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344