This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $77,472 initial cash invested.
-1.95%
Cash On Cash
6.43%
Cap Rate
0.98
DSCR
$2,439
Rent
-$126
Cashflow
Cash Flow
$2,439 income − $2,565 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,472
Downpayment
20%
$56,640
Closing costs
1%
$2,832
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,439
Total Expenses
$2,565
Mortgage P&I
63%
$1,546
Property Taxes
3%
$84
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268