This property looks like a bad Mid-Term investment with a projected -1.22% first-year return on $78,690 initial cash invested.
-1.22%
Cash On Cash
6.78%
Cap Rate
1.02
DSCR
$2,986
Rent
-$80
Cashflow
Cash Flow
$2,986 income − $3,066 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,986
Total Expenses
$3,066
Mortgage P&I
53%
$1,594
Property Taxes
13%
$395
Home Insurance
2%
$63
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328