This property looks like a bad Mid-Term investment with a projected -4.37% first-year return on $78,270 initial cash invested.
-4.37%
Cash On Cash
5.47%
Cap Rate
0.89
DSCR
$3,090
Rent
-$285
Cashflow
Cash Flow
$3,090 income − $3,375 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,270
Downpayment
20%
$57,400
Closing costs
1%
$2,870
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,090
Total Expenses
$3,375
Mortgage P&I
48%
$1,470
Property Taxes
19%
$598
Home Insurance
3%
$100
HOA
5%
$155
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340