This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $77,115 initial cash invested.
-4.51%
Cash On Cash
5.68%
Cap Rate
0.87
DSCR
$2,336
Rent
-$290
Cashflow
Cash Flow
$2,336 income − $2,626 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,115
Downpayment
20%
$56,300
Closing costs
1%
$2,815
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,336
Total Expenses
$2,626
Mortgage P&I
66%
$1,530
Property Taxes
9%
$201
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257