This property looks like a bad Mid-Term investment with a projected -2.19% first-year return on $77,241 initial cash invested.
-2.19%
Cash On Cash
6.02%
Cap Rate
0.97
DSCR
$2,308
Rent
-$141
Cashflow
Cash Flow
$2,308 income − $2,449 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,241
Downpayment
20%
$56,420
Closing costs
1%
$2,821
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,308
Total Expenses
$2,449
Mortgage P&I
63%
$1,464
Property Taxes
4%
$99
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254