This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $76,548 initial cash invested.
-1.11%
Cash On Cash
6.55%
Cap Rate
1.03
DSCR
$2,796
Rent
-$71
Cashflow
Cash Flow
$2,796 income − $2,867 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,548
Downpayment
20%
$55,760
Closing costs
1%
$2,788
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,796
Total Expenses
$2,867
Mortgage P&I
53%
$1,481
Property Taxes
12%
$335
Home Insurance
4%
$99
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308