This property looks like a bad Mid-Term investment with a projected -5.13% first-year return on $76,779 initial cash invested.
-5.13%
Cash On Cash
5.39%
Cap Rate
0.84
DSCR
$2,049
Rent
-$328
Cashflow
Cash Flow
$2,049 income − $2,377 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,049
Total Expenses
$2,377
Mortgage P&I
73%
$1,504
Property Taxes
4%
$79
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225