This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $77,136 initial cash invested.
-1.07%
Cash On Cash
6.7%
Cap Rate
1.02
DSCR
$2,502
Rent
-$69
Cashflow
Cash Flow
$2,502 income − $2,571 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,136
Downpayment
20%
$56,320
Closing costs
1%
$2,816
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,502
Total Expenses
$2,571
Mortgage P&I
62%
$1,541
Property Taxes
3%
$79
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275