This property looks like a bad Mid-Term investment with a projected -13.11% first-year return on $78,879 initial cash invested.
-13.11%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$2,382
Rent
-$862
Cashflow
Cash Flow
$2,382 income − $3,244 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,382
Total Expenses
$3,244
Mortgage P&I
65%
$1,546
Property Taxes
33%
$787
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262