This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $76,590 initial cash invested.
-7.14%
Cash On Cash
4.4%
Cap Rate
0.73
DSCR
$1,726
Rent
-$456
Cashflow
Cash Flow
$1,726 income − $2,182 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,726
Total Expenses
$2,182
Mortgage P&I
82%
$1,411
Property Taxes
5%
$86
Home Insurance
6%
$98
HOA
0%
$0
Property Management
12%
$207
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$190