This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $78,690 initial cash invested.
-6.27%
Cash On Cash
5.29%
Cap Rate
0.8
DSCR
$2,422
Rent
-$411
Cashflow
Cash Flow
$2,422 income − $2,833 expenses = $411 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
$2,422
Total Expenses
$2,833
Mortgage P&I
66%
$1,588
Property Taxes
13%
$320
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266