This property looks like a bad Mid-Term investment with a projected -4.29% first-year return on $78,858 initial cash invested.
-4.29%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$2,476
Rent
-$282
Cashflow
Cash Flow
$2,476 income − $2,758 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,858
Downpayment
20%
$57,960
Closing costs
1%
$2,898
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,476
Total Expenses
$2,758
Mortgage P&I
64%
$1,573
Property Taxes
10%
$251
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272