This property looks like a bad Mid-Term investment with a projected -2.72% first-year return on $78,480 initial cash invested.
-2.72%
Cash On Cash
5.93%
Cap Rate
0.96
DSCR
$2,970
Rent
-$178
Cashflow
Cash Flow
$2,970 income − $3,148 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,480
Downpayment
20%
$57,600
Closing costs
1%
$2,880
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$3,148
Mortgage P&I
50%
$1,482
Property Taxes
18%
$524
Home Insurance
3%
$101
HOA
1%
$31
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327