This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $76,401 initial cash invested.
-4.15%
Cash On Cash
5.73%
Cap Rate
0.9
DSCR
$2,986
Rent
-$264
Cashflow
Cash Flow
$2,986 income − $3,250 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,401
Downpayment
20%
$55,620
Closing costs
1%
$2,781
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,986
Total Expenses
$3,250
Mortgage P&I
49%
$1,472
Property Taxes
21%
$638
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328