This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $76,779 initial cash invested.
-7.55%
Cash On Cash
4.49%
Cap Rate
0.72
DSCR
$1,782
Rent
-$483
Cashflow
Cash Flow
$1,782 income − $2,265 expenses = $483 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
$1,782
Total Expenses
$2,265
Mortgage P&I
82%
$1,459
Property Taxes
6%
$103
Home Insurance
6%
$98
HOA
0%
$0
Property Management
12%
$214
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$196