This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $77,451 initial cash invested.
-3.7%
Cash On Cash
5.81%
Cap Rate
0.91
DSCR
$2,694
Rent
-$239
Cashflow
Cash Flow
$2,694 income − $2,933 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,451
Downpayment
20%
$56,620
Closing costs
1%
$2,831
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,694
Total Expenses
$2,933
Mortgage P&I
56%
$1,501
Property Taxes
15%
$414
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296