This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $76,800 initial cash invested.
-1.39%
Cash On Cash
6.63%
Cap Rate
1.01
DSCR
$2,424
Rent
-$89
Cashflow
Cash Flow
$2,424 income − $2,513 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,424
Total Expenses
$2,513
Mortgage P&I
63%
$1,538
Property Taxes
2%
$52
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267