This property looks like a bad Mid-Term investment with a projected -0.79% first-year return on $78,648 initial cash invested.
-0.79%
Cash On Cash
6.79%
Cap Rate
1.03
DSCR
$2,616
Rent
-$52
Cashflow
Cash Flow
$2,616 income − $2,668 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,616
Total Expenses
$2,668
Mortgage P&I
60%
$1,581
Property Taxes
3%
$89
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$288