This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $77,472 initial cash invested.
-2.09%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$2,727
Rent
-$135
Cashflow
Cash Flow
$2,727 income − $2,862 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,727
Total Expenses
$2,862
Mortgage P&I
55%
$1,507
Property Taxes
10%
$263
Home Insurance
4%
$100
HOA
2%
$65
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300