This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $78,522 initial cash invested.
-6.2%
Cash On Cash
4.9%
Cap Rate
0.79
DSCR
$2,166
Rent
-$406
Cashflow
Cash Flow
$2,166 income − $2,572 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,522
Downpayment
20%
$57,640
Closing costs
1%
$2,882
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,166
Total Expenses
$2,572
Mortgage P&I
69%
$1,497
Property Taxes
11%
$236
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238