This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $77,346 initial cash invested.
-3.2%
Cash On Cash
6.08%
Cap Rate
0.95
DSCR
$3,158
Rent
-$206
Cashflow
Cash Flow
$3,158 income − $3,364 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,346
Downpayment
20%
$56,520
Closing costs
1%
$2,826
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,158
Total Expenses
$3,364
Mortgage P&I
48%
$1,511
Property Taxes
21%
$672
Home Insurance
3%
$100
HOA
0%
$8
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347