This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $78,585 initial cash invested.
-0.92%
Cash On Cash
6.76%
Cap Rate
1.04
DSCR
$2,883
Rent
-$60
Cashflow
Cash Flow
$2,883 income − $2,943 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,883
Total Expenses
$2,943
Mortgage P&I
54%
$1,570
Property Taxes
10%
$291
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317