This property looks like a bad Mid-Term investment with a projected -10.72% first-year return on $76,590 initial cash invested.
-10.72%
Cash On Cash
3.34%
Cap Rate
0.55
DSCR
$1,354
Rent
-$684
Cashflow
Cash Flow
$1,354 income − $2,038 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,354
Total Expenses
$2,038
Mortgage P&I
104%
$1,406
Property Taxes
5%
$74
Home Insurance
7%
$98
HOA
0%
$0
Property Management
12%
$162
CapEx
4%
$54
Vacancy
3%
$41
Maintenance
4%
$54
Other
11%
$149