This property looks like a bad Mid-Term investment with a projected -1.22% first-year return on $78,690 initial cash invested.
-1.22%
Cash On Cash
6.45%
Cap Rate
1.02
DSCR
$2,706
Rent
-$80
Cashflow
Cash Flow
$2,706 income − $2,786 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,706
Total Expenses
$2,786
Mortgage P&I
56%
$1,525
Property Taxes
7%
$197
Home Insurance
4%
$107
HOA
1%
$37
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298