This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $78,228 initial cash invested.
-6.63%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$2,542
Rent
-$432
Cashflow
Cash Flow
$2,542 income − $2,974 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,228
Downpayment
20%
$57,360
Closing costs
1%
$2,868
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,542
Total Expenses
$2,974
Mortgage P&I
62%
$1,569
Property Taxes
17%
$438
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280