This property looks like a bad Mid-Term investment with a projected -4.14% first-year return on $78,900 initial cash invested.
-4.14%
Cash On Cash
6.09%
Cap Rate
0.9
DSCR
$2,804
Rent
-$272
Cashflow
Cash Flow
$2,804 income − $3,076 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,804
Total Expenses
$3,076
Mortgage P&I
58%
$1,631
Property Taxes
14%
$391
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308