This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $78,522 initial cash invested.
-2.54%
Cash On Cash
6.58%
Cap Rate
0.97
DSCR
$2,892
Rent
-$166
Cashflow
Cash Flow
$2,892 income − $3,058 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,522
Downpayment
20%
$57,640
Closing costs
1%
$2,882
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,892
Total Expenses
$3,058
Mortgage P&I
56%
$1,631
Property Taxes
13%
$363
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318