This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $78,312 initial cash invested.
-3.63%
Cash On Cash
6.13%
Cap Rate
0.91
DSCR
$2,480
Rent
-$237
Cashflow
Cash Flow
$2,480 income − $2,717 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,312
Downpayment
20%
$57,440
Closing costs
1%
$2,872
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,480
Total Expenses
$2,717
Mortgage P&I
65%
$1,605
Property Taxes
7%
$166
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273