This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $78,900 initial cash invested.
-1.7%
Cash On Cash
6.72%
Cap Rate
1.02
DSCR
$3,435
Rent
-$112
Cashflow
Cash Flow
$3,435 income − $3,547 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,435
Total Expenses
$3,547
Mortgage P&I
47%
$1,598
Property Taxes
20%
$680
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378