This property looks like a bad Mid-Term investment with a projected -6.94% first-year return on $77,514 initial cash invested.
-6.94%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$1,870
Rent
-$448
Cashflow
Cash Flow
$1,870 income − $2,318 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,514
Downpayment
20%
$56,680
Closing costs
1%
$2,834
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,870
Total Expenses
$2,318
Mortgage P&I
78%
$1,453
Property Taxes
7%
$127
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$224
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$206