This property looks like a bad Mid-Term investment with a projected -0.3% first-year return on $78,858 initial cash invested.
-0.3%
Cash On Cash
6.77%
Cap Rate
1.06
DSCR
$2,884
Rent
-$20
Cashflow
Cash Flow
$2,884 income − $2,904 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,858
Downpayment
20%
$57,960
Closing costs
1%
$2,898
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$2,904
Mortgage P&I
53%
$1,539
Property Taxes
10%
$282
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317