This property looks like a bad Mid-Term investment with a projected -0.79% first-year return on $78,942 initial cash invested.
-0.79%
Cash On Cash
6.76%
Cap Rate
1.04
DSCR
$3,016
Rent
-$52
Cashflow
Cash Flow
$3,016 income − $3,068 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,942
Downpayment
20%
$58,040
Closing costs
1%
$2,902
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,016
Total Expenses
$3,068
Mortgage P&I
52%
$1,567
Property Taxes
12%
$372
Home Insurance
3%
$103
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332