This property looks like a bad Mid-Term investment with a projected -6.55% first-year return on $78,375 initial cash invested.
-6.55%
Cash On Cash
5.08%
Cap Rate
0.79
DSCR
$2,658
Rent
-$428
Cashflow
Cash Flow
$2,658 income − $3,086 expenses = $428 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,375
Downpayment
20%
$57,500
Closing costs
1%
$2,875
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,658
Total Expenses
$3,086
Mortgage P&I
58%
$1,540
Property Taxes
20%
$540
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292