This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $78,459 initial cash invested.
-2.08%
Cash On Cash
6.44%
Cap Rate
0.98
DSCR
$2,622
Rent
-$136
Cashflow
Cash Flow
$2,622 income − $2,758 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,459
Downpayment
20%
$57,580
Closing costs
1%
$2,879
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,622
Total Expenses
$2,758
Mortgage P&I
60%
$1,576
Property Taxes
6%
$164
Home Insurance
4%
$101
HOA
1%
$25
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288