This property looks like a bad Mid-Term investment with a projected -15.6% first-year return on $77,178 initial cash invested.
-15.6%
Cash On Cash
2.72%
Cap Rate
0.4
DSCR
$1,563
Rent
-$1,003
Cashflow
Cash Flow
$1,563 income − $2,566 expenses = $1,003 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,563
Total Expenses
$2,566
Mortgage P&I
101%
$1,578
Property Taxes
20%
$320
Home Insurance
9%
$135
HOA
0%
$0
Property Management
12%
$188
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$172