This property looks like a bad Mid-Term investment with a projected -2.71% first-year return on $78,690 initial cash invested.
-2.71%
Cash On Cash
6.35%
Cap Rate
0.96
DSCR
$2,991
Rent
-$178
Cashflow
Cash Flow
$2,991 income − $3,169 expenses = $178 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
$2,991
Total Expenses
$3,169
Mortgage P&I
53%
$1,587
Property Taxes
10%
$296
Home Insurance
4%
$114
HOA
5%
$154
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329