This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $78,879 initial cash invested.
-3.24%
Cash On Cash
5.82%
Cap Rate
0.92
DSCR
$2,278
Rent
-$213
Cashflow
Cash Flow
$2,278 income − $2,491 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,278
Total Expenses
$2,491
Mortgage P&I
67%
$1,527
Property Taxes
4%
$88
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251