This property looks like a bad Mid-Term investment with a projected -1.72% first-year return on $77,640 initial cash invested.
-1.72%
Cash On Cash
6.76%
Cap Rate
1
DSCR
$2,850
Rent
-$111
Cashflow
Cash Flow
$2,850 income − $2,961 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,640
Downpayment
20%
$56,800
Closing costs
1%
$2,840
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,850
Total Expenses
$2,961
Mortgage P&I
56%
$1,596
Property Taxes
10%
$296
Home Insurance
3%
$99
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314