This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $78,879 initial cash invested.
-0.2%
Cash On Cash
6.62%
Cap Rate
1.06
DSCR
$2,649
Rent
-$13
Cashflow
Cash Flow
$2,649 income − $2,662 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,649
Total Expenses
$2,662
Mortgage P&I
57%
$1,507
Property Taxes
6%
$150
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291