This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $78,879 initial cash invested.
-2.88%
Cash On Cash
5.81%
Cap Rate
0.93
DSCR
$2,264
Rent
-$189
Cashflow
Cash Flow
$2,264 income − $2,453 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,264
Total Expenses
$2,453
Mortgage P&I
66%
$1,502
Property Taxes
3%
$78
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249