This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $78,291 initial cash invested.
-6.73%
Cash On Cash
5.1%
Cap Rate
0.77
DSCR
$2,128
Rent
-$439
Cashflow
Cash Flow
$2,128 income − $2,567 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,291
Downpayment
20%
$57,420
Closing costs
1%
$2,871
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,128
Total Expenses
$2,567
Mortgage P&I
74%
$1,573
Property Taxes
8%
$168
Home Insurance
5%
$103
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234