This property looks like a bad Mid-Term investment with a projected -1.66% first-year return on $78,879 initial cash invested.
-1.66%
Cash On Cash
6.32%
Cap Rate
1
DSCR
$2,552
Rent
-$109
Cashflow
Cash Flow
$2,552 income − $2,661 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,552
Total Expenses
$2,661
Mortgage P&I
60%
$1,533
Property Taxes
6%
$158
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281