This property looks like a bad Mid-Term investment with a projected -8.52% first-year return on $78,879 initial cash invested.
-8.52%
Cash On Cash
4.24%
Cap Rate
0.68
DSCR
$1,672
Rent
-$560
Cashflow
Cash Flow
$1,672 income − $2,232 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,672
Total Expenses
$2,232
Mortgage P&I
91%
$1,518
Property Taxes
3%
$43
Home Insurance
6%
$102
HOA
0%
$0
Property Management
12%
$201
CapEx
4%
$67
Vacancy
3%
$50
Maintenance
4%
$67
Other
11%
$184