This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $78,879 initial cash invested.
-3.26%
Cash On Cash
6.01%
Cap Rate
0.93
DSCR
$2,686
Rent
-$214
Cashflow
Cash Flow
$2,686 income − $2,900 expenses = $214 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
$2,686
Total Expenses
$2,900
Mortgage P&I
58%
$1,560
Property Taxes
12%
$326
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295