This property looks like a bad Mid-Term investment with a projected -7.74% first-year return on $78,627 initial cash invested.
-7.74%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$2,000
Rent
-$507
Cashflow
Cash Flow
$2,000 income − $2,507 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,627
Downpayment
20%
$57,740
Closing costs
1%
$2,887
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,000
Total Expenses
$2,507
Mortgage P&I
79%
$1,587
Property Taxes
7%
$136
Home Insurance
5%
$104
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220