This property looks like a bad Mid-Term investment with a projected -0.23% first-year return on $78,459 initial cash invested.
-0.23%
Cash On Cash
6.98%
Cap Rate
1.06
DSCR
$2,718
Rent
-$15
Cashflow
Cash Flow
$2,718 income − $2,733 expenses = $15 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,459
Downpayment
20%
$57,580
Closing costs
1%
$2,879
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,718
Total Expenses
$2,733
Mortgage P&I
58%
$1,581
Property Taxes
5%
$126
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299