This property looks like a bad Mid-Term investment with a projected -3% first-year return on $78,690 initial cash invested.
-3%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$2,310
Rent
-$197
Cashflow
Cash Flow
$2,310 income − $2,507 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,310
Total Expenses
$2,507
Mortgage P&I
68%
$1,574
Property Taxes
2%
$48
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254