This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $78,480 initial cash invested.
-1.87%
Cash On Cash
6.71%
Cap Rate
0.99
DSCR
$2,704
Rent
-$122
Cashflow
Cash Flow
$2,704 income − $2,826 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,480
Downpayment
20%
$57,600
Closing costs
1%
$2,880
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,704
Total Expenses
$2,826
Mortgage P&I
60%
$1,625
Property Taxes
7%
$182
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297