This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $77,976 initial cash invested.
-2.02%
Cash On Cash
6.53%
Cap Rate
0.98
DSCR
$2,654
Rent
-$131
Cashflow
Cash Flow
$2,654 income − $2,785 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,976
Downpayment
20%
$57,120
Closing costs
1%
$2,856
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,654
Total Expenses
$2,785
Mortgage P&I
59%
$1,578
Property Taxes
8%
$200
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292