This property looks like a bad Mid-Term investment with a projected -7.21% first-year return on $76,779 initial cash invested.
-7.21%
Cash On Cash
4.6%
Cap Rate
0.74
DSCR
$1,988
Rent
-$461
Cashflow
Cash Flow
$1,988 income − $2,449 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,988
Total Expenses
$2,449
Mortgage P&I
73%
$1,454
Property Taxes
10%
$202
Home Insurance
5%
$98
HOA
1%
$17
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219