This property looks like a bad Mid-Term investment with a projected -3.51% first-year return on $78,270 initial cash invested.
-3.51%
Cash On Cash
5.68%
Cap Rate
0.92
DSCR
$2,936
Rent
-$229
Cashflow
Cash Flow
$2,936 income − $3,165 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,270
Downpayment
20%
$57,400
Closing costs
1%
$2,870
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,936
Total Expenses
$3,165
Mortgage P&I
50%
$1,471
Property Taxes
20%
$597
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323