This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $77,178 initial cash invested.
-4.66%
Cash On Cash
5.66%
Cap Rate
0.87
DSCR
$2,730
Rent
-$300
Cashflow
Cash Flow
$2,730 income − $3,030 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,178
Downpayment
20%
$56,360
Closing costs
1%
$2,818
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,730
Total Expenses
$3,030
Mortgage P&I
56%
$1,519
Property Taxes
18%
$481
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300