This property looks like a bad Mid-Term investment with a projected -0.17% first-year return on $76,779 initial cash invested.
-0.17%
Cash On Cash
6.55%
Cap Rate
1.07
DSCR
$2,742
Rent
-$11
Cashflow
Cash Flow
$2,742 income − $2,753 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,742
Total Expenses
$2,753
Mortgage P&I
52%
$1,428
Property Taxes
11%
$294
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302