This property looks like a bad Mid-Term investment with a projected -0.23% first-year return on $77,430 initial cash invested.
-0.23%
Cash On Cash
6.5%
Cap Rate
1.06
DSCR
$2,594
Rent
-$15
Cashflow
Cash Flow
$2,594 income − $2,609 expenses = $15 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,430
Downpayment
20%
$56,600
Closing costs
1%
$2,830
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$2,609
Mortgage P&I
56%
$1,444
Property Taxes
7%
$178
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285