This property looks like a bad Mid-Term investment with a projected -18.77% first-year return on $78,879 initial cash invested.
-18.77%
Cash On Cash
1.56%
Cap Rate
0.24
DSCR
$1,344
Rent
-$1,234
Cashflow
Cash Flow
$1,344 income − $2,578 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,344
Total Expenses
$2,578
Mortgage P&I
116%
$1,556
Property Taxes
34%
$463
Home Insurance
8%
$102
HOA
0%
$0
Property Management
12%
$161
CapEx
4%
$54
Vacancy
3%
$40
Maintenance
4%
$54
Other
11%
$148