This property looks like a bad Mid-Term investment with a projected -11.04% first-year return on $76,821 initial cash invested.
-11.04%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$1,611
Rent
-$707
Cashflow
Cash Flow
$1,611 income − $2,318 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,821
Downpayment
20%
$56,020
Closing costs
1%
$2,801
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,611
Total Expenses
$2,318
Mortgage P&I
92%
$1,487
Property Taxes
11%
$182
Home Insurance
6%
$103
HOA
0%
$0
Property Management
12%
$193
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$177