This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $78,753 initial cash invested.
-4.66%
Cash On Cash
5.21%
Cap Rate
0.85
DSCR
$2,154
Rent
-$306
Cashflow
Cash Flow
$2,154 income − $2,460 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,753
Downpayment
20%
$57,860
Closing costs
1%
$2,893
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,154
Total Expenses
$2,460
Mortgage P&I
69%
$1,477
Property Taxes
7%
$146
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$258
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237