This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $78,480 initial cash invested.
-3.36%
Cash On Cash
6.11%
Cap Rate
0.93
DSCR
$2,622
Rent
-$220
Cashflow
Cash Flow
$2,622 income − $2,842 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,480
Downpayment
20%
$57,600
Closing costs
1%
$2,880
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,622
Total Expenses
$2,842
Mortgage P&I
60%
$1,581
Property Taxes
10%
$264
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288