This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $77,997 initial cash invested.
-1.4%
Cash On Cash
6.6%
Cap Rate
1.02
DSCR
$3,172
Rent
-$91
Cashflow
Cash Flow
$3,172 income − $3,263 expenses = $91 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,997
Downpayment
20%
$57,140
Closing costs
1%
$2,857
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,172
Total Expenses
$3,263
Mortgage P&I
48%
$1,535
Property Taxes
17%
$527
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349