This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $78,879 initial cash invested.
-4.43%
Cash On Cash
5.39%
Cap Rate
0.86
DSCR
$2,127
Rent
-$291
Cashflow
Cash Flow
$2,127 income − $2,418 expenses = $291 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
$2,127
Total Expenses
$2,418
Mortgage P&I
71%
$1,507
Property Taxes
4%
$86
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234