This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $77,008 initial cash invested.
-3.38%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$2,847
Rent
-$217
Cashflow
Cash Flow
$2,847 income − $3,064 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,008
Downpayment
20%
$56,198
Closing costs
1%
$2,810
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,847
Total Expenses
$3,064
Mortgage P&I
54%
$1,529
Property Taxes
14%
$405
Home Insurance
3%
$98
HOA
2%
$64
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313