This property looks like a bad Mid-Term investment with a projected -6.4% first-year return on $77,430 initial cash invested.
-6.4%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$2,354
Rent
-$413
Cashflow
Cash Flow
$2,354 income − $2,767 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,430
Downpayment
20%
$56,600
Closing costs
1%
$2,830
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,354
Total Expenses
$2,767
Mortgage P&I
65%
$1,533
Property Taxes
13%
$312
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259