This property looks like a bad Mid-Term investment with a projected -11.8% first-year return on $78,690 initial cash invested.
-11.8%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$1,440
Rent
-$774
Cashflow
Cash Flow
$1,440 income − $2,214 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,440
Total Expenses
$2,214
Mortgage P&I
110%
$1,582
Property Taxes
3%
$41
Home Insurance
7%
$101
HOA
0%
$0
Property Management
12%
$173
CapEx
4%
$58
Vacancy
3%
$43
Maintenance
4%
$58
Other
11%
$158