This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $77,052 initial cash invested.
-1.56%
Cash On Cash
6.76%
Cap Rate
1.02
DSCR
$3,123
Rent
-$100
Cashflow
Cash Flow
$3,123 income − $3,223 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,052
Downpayment
20%
$56,240
Closing costs
1%
$2,812
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$3,223
Mortgage P&I
50%
$1,558
Property Taxes
16%
$502
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344