This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $78,879 initial cash invested.
-2.11%
Cash On Cash
6.31%
Cap Rate
0.98
DSCR
$2,564
Rent
-$139
Cashflow
Cash Flow
$2,564 income − $2,703 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,564
Total Expenses
$2,703
Mortgage P&I
61%
$1,560
Property Taxes
7%
$168
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282