This property looks like a bad Mid-Term investment with a projected -6.52% first-year return on $76,590 initial cash invested.
-6.52%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$2,710
Rent
-$416
Cashflow
Cash Flow
$2,710 income − $3,126 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,710
Total Expenses
$3,126
Mortgage P&I
57%
$1,553
Property Taxes
20%
$555
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298