This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $77,199 initial cash invested.
-3.3%
Cash On Cash
5.71%
Cap Rate
0.92
DSCR
$2,552
Rent
-$212
Cashflow
Cash Flow
$2,552 income − $2,764 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,199
Downpayment
20%
$56,380
Closing costs
1%
$2,819
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,552
Total Expenses
$2,764
Mortgage P&I
57%
$1,452
Property Taxes
13%
$342
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281