This property looks like a bad Mid-Term investment with a projected -0.55% first-year return on $78,879 initial cash invested.
-0.55%
Cash On Cash
6.9%
Cap Rate
1.05
DSCR
$2,828
Rent
-$36
Cashflow
Cash Flow
$2,828 income − $2,864 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,828
Total Expenses
$2,864
Mortgage P&I
56%
$1,589
Property Taxes
8%
$212
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311