This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $77,367 initial cash invested.
-3.24%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$2,722
Rent
-$209
Cashflow
Cash Flow
$2,722 income − $2,931 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,367
Downpayment
20%
$56,540
Closing costs
1%
$2,827
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$2,931
Mortgage P&I
57%
$1,545
Property Taxes
13%
$360
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299