This property looks like a bad Mid-Term investment with a projected -3.48% first-year return on $78,648 initial cash invested.
-3.48%
Cash On Cash
5.59%
Cap Rate
0.91
DSCR
$2,186
Rent
-$228
Cashflow
Cash Flow
$2,186 income − $2,414 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,648
Downpayment
20%
$57,760
Closing costs
1%
$2,888
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,186
Total Expenses
$2,414
Mortgage P&I
68%
$1,487
Property Taxes
4%
$80
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$240