This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $78,396 initial cash invested.
-3.49%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$2,836
Rent
-$228
Cashflow
Cash Flow
$2,836 income − $3,064 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,396
Downpayment
20%
$57,520
Closing costs
1%
$2,876
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,836
Total Expenses
$3,064
Mortgage P&I
56%
$1,598
Property Taxes
13%
$377
Home Insurance
4%
$105
HOA
1%
$21
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312