This property looks like a bad Mid-Term investment with a projected -0.02% first-year return on $77,367 initial cash invested.
-0.02%
Cash On Cash
6.97%
Cap Rate
1.08
DSCR
$2,956
Rent
-$1
Cashflow
Cash Flow
$2,956 income − $2,957 expenses = $1 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,367
Downpayment
20%
$56,540
Closing costs
1%
$2,827
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$2,957
Mortgage P&I
52%
$1,526
Property Taxes
11%
$324
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325