This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $77,472 initial cash invested.
-5.28%
Cash On Cash
5.54%
Cap Rate
0.84
DSCR
$2,426
Rent
-$341
Cashflow
Cash Flow
$2,426 income − $2,767 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,472
Downpayment
20%
$56,640
Closing costs
1%
$2,832
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,426
Total Expenses
$2,767
Mortgage P&I
64%
$1,551
Property Taxes
11%
$275
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267