This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $77,472 initial cash invested.
-0.96%
Cash On Cash
6.63%
Cap Rate
1.03
DSCR
$2,762
Rent
-$62
Cashflow
Cash Flow
$2,762 income − $2,824 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,472
Downpayment
20%
$56,640
Closing costs
1%
$2,832
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,762
Total Expenses
$2,824
Mortgage P&I
55%
$1,517
Property Taxes
9%
$235
Home Insurance
4%
$105
HOA
1%
$29
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304