This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $78,459 initial cash invested.
-1.13%
Cash On Cash
6.84%
Cap Rate
1.02
DSCR
$2,709
Rent
-$74
Cashflow
Cash Flow
$2,709 income − $2,783 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,459
Downpayment
20%
$57,580
Closing costs
1%
$2,879
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,709
Total Expenses
$2,783
Mortgage P&I
59%
$1,606
Property Taxes
6%
$155
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298