This property looks like a bad Mid-Term investment with a projected -2.74% first-year return on $77,220 initial cash invested.
-2.74%
Cash On Cash
6.36%
Cap Rate
0.96
DSCR
$2,792
Rent
-$176
Cashflow
Cash Flow
$2,792 income − $2,968 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,792
Total Expenses
$2,968
Mortgage P&I
56%
$1,558
Property Taxes
13%
$361
Home Insurance
4%
$99
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307