This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $76,317 initial cash invested.
-0.96%
Cash On Cash
6.43%
Cap Rate
1.03
DSCR
$2,446
Rent
-$61
Cashflow
Cash Flow
$2,446 income − $2,507 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,317
Downpayment
20%
$55,540
Closing costs
1%
$2,777
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,446
Total Expenses
$2,507
Mortgage P&I
59%
$1,451
Property Taxes
5%
$126
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269