This property looks like a bad Mid-Term investment with a projected -4.14% first-year return on $77,451 initial cash invested.
-4.14%
Cash On Cash
5.82%
Cap Rate
0.9
DSCR
$2,961
Rent
-$267
Cashflow
Cash Flow
$2,961 income − $3,228 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,451
Downpayment
20%
$56,620
Closing costs
1%
$2,831
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,961
Total Expenses
$3,228
Mortgage P&I
51%
$1,523
Property Taxes
16%
$478
Home Insurance
3%
$103
HOA
4%
$118
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326