This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $78,690 initial cash invested.
-3.4%
Cash On Cash
5.8%
Cap Rate
0.91
DSCR
$2,187
Rent
-$223
Cashflow
Cash Flow
$2,187 income − $2,410 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,187
Total Expenses
$2,410
Mortgage P&I
70%
$1,532
Property Taxes
2%
$34
Home Insurance
5%
$101
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$241