This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $76,884 initial cash invested.
-2.22%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$3,176
Rent
-$142
Cashflow
Cash Flow
$3,176 income − $3,318 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,884
Downpayment
20%
$56,080
Closing costs
1%
$2,804
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$3,318
Mortgage P&I
48%
$1,533
Property Taxes
13%
$425
Home Insurance
3%
$100
HOA
6%
$181
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349