This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $78,900 initial cash invested.
-2.59%
Cash On Cash
6.3%
Cap Rate
0.96
DSCR
$2,818
Rent
-$170
Cashflow
Cash Flow
$2,818 income − $2,988 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,818
Total Expenses
$2,988
Mortgage P&I
56%
$1,579
Property Taxes
12%
$348
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310