This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $77,220 initial cash invested.
-3.5%
Cash On Cash
6.22%
Cap Rate
0.93
DSCR
$3,004
Rent
-$225
Cashflow
Cash Flow
$3,004 income − $3,229 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,220
Downpayment
20%
$56,400
Closing costs
1%
$2,820
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$3,229
Mortgage P&I
52%
$1,566
Property Taxes
18%
$544
Home Insurance
3%
$99
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330