This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $77,388 initial cash invested.
-2.57%
Cash On Cash
6.11%
Cap Rate
0.95
DSCR
$2,302
Rent
-$166
Cashflow
Cash Flow
$2,302 income − $2,468 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,388
Downpayment
20%
$56,560
Closing costs
1%
$2,828
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,302
Total Expenses
$2,468
Mortgage P&I
66%
$1,513
Property Taxes
3%
$71
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253