This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $78,879 initial cash invested.
-4.08%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$2,259
Rent
-$268
Cashflow
Cash Flow
$2,259 income − $2,527 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,259
Total Expenses
$2,527
Mortgage P&I
71%
$1,595
Property Taxes
3%
$63
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248