This property looks like a bad Mid-Term investment with a projected -1.99% first-year return on $78,879 initial cash invested.
-1.99%
Cash On Cash
6.18%
Cap Rate
0.98
DSCR
$2,592
Rent
-$131
Cashflow
Cash Flow
$2,592 income − $2,723 expenses = $131 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
$2,592
Total Expenses
$2,723
Mortgage P&I
59%
$1,519
Property Taxes
8%
$220
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285