This property looks like a bad Mid-Term investment with a projected -1.09% first-year return on $76,800 initial cash invested.
-1.09%
Cash On Cash
6.65%
Cap Rate
1.02
DSCR
$2,542
Rent
-$70
Cashflow
Cash Flow
$2,542 income − $2,612 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,542
Total Expenses
$2,612
Mortgage P&I
60%
$1,520
Property Taxes
5%
$129
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280