This property looks like a bad Mid-Term investment with a projected -6.56% first-year return on $78,690 initial cash invested.
-6.56%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$2,242
Rent
-$430
Cashflow
Cash Flow
$2,242 income − $2,672 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,242
Total Expenses
$2,672
Mortgage P&I
70%
$1,572
Property Taxes
11%
$236
Home Insurance
5%
$101
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247