This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $78,186 initial cash invested.
-4.9%
Cash On Cash
5.69%
Cap Rate
0.86
DSCR
$2,457
Rent
-$319
Cashflow
Cash Flow
$2,457 income − $2,776 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,186
Downpayment
20%
$57,320
Closing costs
1%
$2,866
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,457
Total Expenses
$2,776
Mortgage P&I
64%
$1,579
Property Taxes
7%
$173
Home Insurance
4%
$105
HOA
3%
$84
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270