This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $78,543 initial cash invested.
-2.61%
Cash On Cash
6.28%
Cap Rate
0.96
DSCR
$2,739
Rent
-$171
Cashflow
Cash Flow
$2,739 income − $2,910 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,543
Downpayment
20%
$57,660
Closing costs
1%
$2,883
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,739
Total Expenses
$2,910
Mortgage P&I
57%
$1,569
Property Taxes
11%
$304
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301