This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $78,606 initial cash invested.
-7.85%
Cash On Cash
5.04%
Cap Rate
0.75
DSCR
$2,832
Rent
-$514
Cashflow
Cash Flow
$2,832 income − $3,346 expenses = $514 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
$2,832
Total Expenses
$3,346
Mortgage P&I
57%
$1,614
Property Taxes
23%
$664
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312