This property looks like a bad Mid-Term investment with a projected -5.38% first-year return on $78,480 initial cash invested.
-5.38%
Cash On Cash
5.25%
Cap Rate
0.83
DSCR
$2,235
Rent
-$352
Cashflow
Cash Flow
$2,235 income − $2,587 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,235
Total Expenses
$2,587
Mortgage P&I
68%
$1,523
Property Taxes
9%
$200
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246