This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $78,900 initial cash invested.
-4.56%
Cash On Cash
5.63%
Cap Rate
0.88
DSCR
$2,649
Rent
-$300
Cashflow
Cash Flow
$2,649 income − $2,949 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,649
Total Expenses
$2,949
Mortgage P&I
59%
$1,555
Property Taxes
11%
$288
Home Insurance
4%
$102
HOA
4%
$104
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291