This property looks like a bad Mid-Term investment with a projected -1.41% first-year return on $77,577 initial cash invested.
-1.41%
Cash On Cash
6.7%
Cap Rate
1.01
DSCR
$2,640
Rent
-$91
Cashflow
Cash Flow
$2,640 income − $2,731 expenses = $91 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,577
Downpayment
20%
$56,740
Closing costs
1%
$2,837
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,640
Total Expenses
$2,731
Mortgage P&I
59%
$1,568
Property Taxes
6%
$163
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$290