This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $76,968 initial cash invested.
-0.2%
Cash On Cash
7.03%
Cap Rate
1.06
DSCR
$2,764
Rent
-$13
Cashflow
Cash Flow
$2,764 income − $2,777 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,968
Downpayment
20%
$56,160
Closing costs
1%
$2,808
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,764
Total Expenses
$2,777
Mortgage P&I
56%
$1,548
Property Taxes
6%
$159
Home Insurance
4%
$108
HOA
1%
$21
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304