This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $78,774 initial cash invested.
-1.14%
Cash On Cash
6.7%
Cap Rate
1.02
DSCR
$2,684
Rent
-$75
Cashflow
Cash Flow
$2,684 income − $2,759 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,774
Downpayment
20%
$57,880
Closing costs
1%
$2,894
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,684
Total Expenses
$2,759
Mortgage P&I
59%
$1,584
Property Taxes
5%
$141
Home Insurance
4%
$105
HOA
1%
$17
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295