This property looks like a bad Mid-Term investment with a projected -5.06% first-year return on $78,081 initial cash invested.
-5.06%
Cash On Cash
5.96%
Cap Rate
0.87
DSCR
$2,727
Rent
-$329
Cashflow
Cash Flow
$2,727 income − $3,056 expenses = $329 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,081
Downpayment
20%
$57,220
Closing costs
1%
$2,861
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,727
Total Expenses
$3,056
Mortgage P&I
60%
$1,640
Property Taxes
14%
$387
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300