This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $78,879 initial cash invested.
-3.68%
Cash On Cash
5.93%
Cap Rate
0.91
DSCR
$2,480
Rent
-$242
Cashflow
Cash Flow
$2,480 income − $2,722 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,480
Total Expenses
$2,722
Mortgage P&I
64%
$1,575
Property Taxes
8%
$202
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273