This property looks like a bad Mid-Term investment with a projected -0.05% first-year return on $78,396 initial cash invested.
-0.05%
Cash On Cash
7.11%
Cap Rate
1.08
DSCR
$3,249
Rent
-$3
Cashflow
Cash Flow
$3,249 income − $3,252 expenses = $3 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,396
Downpayment
20%
$57,520
Closing costs
1%
$2,876
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,249
Total Expenses
$3,252
Mortgage P&I
49%
$1,577
Property Taxes
8%
$268
Home Insurance
3%
$103
HOA
6%
$200
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357