This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $77,598 initial cash invested.
-5.04%
Cash On Cash
5.2%
Cap Rate
0.84
DSCR
$2,254
Rent
-$326
Cashflow
Cash Flow
$2,254 income − $2,580 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,598
Downpayment
20%
$56,760
Closing costs
1%
$2,838
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,254
Total Expenses
$2,580
Mortgage P&I
65%
$1,466
Property Taxes
10%
$218
Home Insurance
5%
$117
HOA
1%
$13
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248