This property looks like a bad Mid-Term investment with a projected -2.35% first-year return on $78,690 initial cash invested.
-2.35%
Cash On Cash
6.32%
Cap Rate
0.96
DSCR
$2,444
Rent
-$154
Cashflow
Cash Flow
$2,444 income − $2,598 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,444
Total Expenses
$2,598
Mortgage P&I
65%
$1,579
Property Taxes
4%
$87
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269