This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $78,354 initial cash invested.
-2.54%
Cash On Cash
6.34%
Cap Rate
0.97
DSCR
$2,763
Rent
-$166
Cashflow
Cash Flow
$2,763 income − $2,929 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,354
Downpayment
20%
$57,480
Closing costs
1%
$2,874
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,763
Total Expenses
$2,929
Mortgage P&I
57%
$1,573
Property Taxes
11%
$296
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304