This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $76,884 initial cash invested.
-8.08%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$2,330
Rent
-$518
Cashflow
Cash Flow
$2,330 income − $2,848 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,884
Downpayment
20%
$56,080
Closing costs
1%
$2,804
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$2,848
Mortgage P&I
66%
$1,535
Property Taxes
17%
$405
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256