This property looks like a bad Mid-Term investment with a projected -1.61% first-year return on $78,039 initial cash invested.
-1.61%
Cash On Cash
6.65%
Cap Rate
1.02
DSCR
$3,296
Rent
-$105
Cashflow
Cash Flow
$3,296 income − $3,401 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,039
Downpayment
20%
$57,180
Closing costs
1%
$2,859
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,296
Total Expenses
$3,401
Mortgage P&I
47%
$1,558
Property Taxes
15%
$481
Home Insurance
3%
$105
HOA
4%
$135
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363