This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $78,879 initial cash invested.
-3.5%
Cash On Cash
5.85%
Cap Rate
0.91
DSCR
$2,280
Rent
-$230
Cashflow
Cash Flow
$2,280 income − $2,510 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,280
Total Expenses
$2,510
Mortgage P&I
68%
$1,552
Property Taxes
4%
$81
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251