This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $77,577 initial cash invested.
-3.34%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$2,854
Rent
-$216
Cashflow
Cash Flow
$2,854 income − $3,070 expenses = $216 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,577
Downpayment
20%
$56,740
Closing costs
1%
$2,837
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,854
Total Expenses
$3,070
Mortgage P&I
53%
$1,526
Property Taxes
17%
$472
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314