This property looks like a bad Mid-Term investment with a projected -13.51% first-year return on $78,522 initial cash invested.
-13.51%
Cash On Cash
2.73%
Cap Rate
0.44
DSCR
$1,256
Rent
-$884
Cashflow
Cash Flow
$1,256 income − $2,140 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,256
Total Expenses
$2,140
Mortgage P&I
119%
$1,489
Property Taxes
7%
$89
Home Insurance
11%
$135
HOA
0%
$0
Property Management
12%
$151
CapEx
4%
$50
Vacancy
3%
$38
Maintenance
4%
$50
Other
11%
$138