This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $77,556 initial cash invested.
-0.76%
Cash On Cash
6.56%
Cap Rate
1.05
DSCR
$2,895
Rent
-$49
Cashflow
Cash Flow
$2,895 income − $2,944 expenses = $49 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,556
Downpayment
20%
$56,720
Closing costs
1%
$2,836
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$2,944
Mortgage P&I
51%
$1,484
Property Taxes
13%
$374
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318