This property looks like a bad Mid-Term investment with a projected -1.18% first-year return on $78,333 initial cash invested.
-1.18%
Cash On Cash
6.63%
Cap Rate
1.03
DSCR
$2,973
Rent
-$77
Cashflow
Cash Flow
$2,973 income − $3,050 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,333
Downpayment
20%
$57,460
Closing costs
1%
$2,873
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,973
Total Expenses
$3,050
Mortgage P&I
52%
$1,546
Property Taxes
5%
$155
Home Insurance
3%
$103
HOA
8%
$235
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327