This property looks like a bad Mid-Term investment with a projected -3.95% first-year return on $78,438 initial cash invested.
-3.95%
Cash On Cash
5.99%
Cap Rate
0.9
DSCR
$2,637
Rent
-$258
Cashflow
Cash Flow
$2,637 income − $2,895 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,438
Downpayment
20%
$57,560
Closing costs
1%
$2,878
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,637
Total Expenses
$2,895
Mortgage P&I
60%
$1,589
Property Taxes
12%
$308
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290