This property looks like a bad Mid-Term investment with a projected -5.05% first-year return on $78,900 initial cash invested.
-5.05%
Cash On Cash
5.03%
Cap Rate
0.83
DSCR
$2,076
Rent
-$332
Cashflow
Cash Flow
$2,076 income − $2,408 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,076
Total Expenses
$2,408
Mortgage P&I
71%
$1,465
Property Taxes
7%
$136
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$249
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228