This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $76,779 initial cash invested.
-4.69%
Cash On Cash
5.85%
Cap Rate
0.87
DSCR
$2,271
Rent
-$300
Cashflow
Cash Flow
$2,271 income − $2,571 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,271
Total Expenses
$2,571
Mortgage P&I
69%
$1,573
Property Taxes
6%
$127
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250