This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $78,501 initial cash invested.
-2.93%
Cash On Cash
6.17%
Cap Rate
0.94
DSCR
$2,618
Rent
-$192
Cashflow
Cash Flow
$2,618 income − $2,810 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,501
Downpayment
20%
$57,620
Closing costs
1%
$2,881
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,618
Total Expenses
$2,810
Mortgage P&I
60%
$1,568
Property Taxes
9%
$236
Home Insurance
4%
$105
HOA
0%
$10
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288