This property looks like a bad Mid-Term investment with a projected -0.79% first-year return on $78,606 initial cash invested.
-0.79%
Cash On Cash
6.94%
Cap Rate
1.03
DSCR
$2,709
Rent
-$52
Cashflow
Cash Flow
$2,709 income − $2,761 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,606
Downpayment
20%
$57,720
Closing costs
1%
$2,886
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,709
Total Expenses
$2,761
Mortgage P&I
60%
$1,613
Property Taxes
5%
$125
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298