This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $77,010 initial cash invested.
-5.24%
Cash On Cash
5.62%
Cap Rate
0.85
DSCR
$2,806
Rent
-$336
Cashflow
Cash Flow
$2,806 income − $3,142 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,010
Downpayment
20%
$56,200
Closing costs
1%
$2,810
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,806
Total Expenses
$3,142
Mortgage P&I
55%
$1,540
Property Taxes
19%
$534
Home Insurance
3%
$98
HOA
1%
$16
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309