This property looks like a bad Mid-Term investment with a projected -1.5% first-year return on $77,724 initial cash invested.
-1.5%
Cash On Cash
6.65%
Cap Rate
1.01
DSCR
$2,784
Rent
-$97
Cashflow
Cash Flow
$2,784 income − $2,881 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,724
Downpayment
20%
$56,880
Closing costs
1%
$2,844
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,784
Total Expenses
$2,881
Mortgage P&I
56%
$1,561
Property Taxes
10%
$269
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306