This property looks like a bad Mid-Term investment with a projected -2.82% first-year return on $78,585 initial cash invested.
-2.82%
Cash On Cash
5.82%
Cap Rate
0.94
DSCR
$2,244
Rent
-$185
Cashflow
Cash Flow
$2,244 income − $2,429 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,585
Downpayment
20%
$57,700
Closing costs
1%
$2,885
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,244
Total Expenses
$2,429
Mortgage P&I
67%
$1,495
Property Taxes
3%
$66
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247