This property looks like a bad Mid-Term investment with a projected -4.49% first-year return on $78,900 initial cash invested.
-4.49%
Cash On Cash
5.77%
Cap Rate
0.88
DSCR
$2,592
Rent
-$295
Cashflow
Cash Flow
$2,592 income − $2,887 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,592
Total Expenses
$2,887
Mortgage P&I
61%
$1,585
Property Taxes
12%
$318
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285