This property looks like a bad Mid-Term investment with a projected -0.09% first-year return on $78,753 initial cash invested.
-0.09%
Cash On Cash
6.65%
Cap Rate
1.07
DSCR
$2,678
Rent
-$6
Cashflow
Cash Flow
$2,678 income − $2,684 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,753
Downpayment
20%
$57,860
Closing costs
1%
$2,893
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,678
Total Expenses
$2,684
Mortgage P&I
56%
$1,503
Property Taxes
6%
$166
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295