This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $77,304 initial cash invested.
-0.92%
Cash On Cash
6.69%
Cap Rate
1.03
DSCR
$2,662
Rent
-$59
Cashflow
Cash Flow
$2,662 income − $2,721 expenses = $59 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,304
Downpayment
20%
$56,480
Closing costs
1%
$2,824
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,662
Total Expenses
$2,721
Mortgage P&I
57%
$1,528
Property Taxes
7%
$188
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293