This property looks like a bad Mid-Term investment with a projected -3.29% first-year return on $78,690 initial cash invested.
-3.29%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$2,793
Rent
-$216
Cashflow
Cash Flow
$2,793 income − $3,009 expenses = $216 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,793
Total Expenses
$3,009
Mortgage P&I
57%
$1,583
Property Taxes
13%
$366
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307