This property looks like a bad Mid-Term investment with a projected -1.29% first-year return on $77,220 initial cash invested.
-1.29%
Cash On Cash
6.67%
Cap Rate
1.02
DSCR
$2,925
Rent
-$83
Cashflow
Cash Flow
$2,925 income − $3,008 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,220
Downpayment
20%
$56,400
Closing costs
1%
$2,820
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,925
Total Expenses
$3,008
Mortgage P&I
52%
$1,534
Property Taxes
5%
$148
Home Insurance
3%
$101
HOA
8%
$230
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322