This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $78,690 initial cash invested.
-6.98%
Cash On Cash
5.21%
Cap Rate
0.78
DSCR
$2,510
Rent
-$458
Cashflow
Cash Flow
$2,510 income − $2,968 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,510
Total Expenses
$2,968
Mortgage P&I
64%
$1,612
Property Taxes
16%
$403
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276