This property looks like a bad Mid-Term investment with a projected -13.02% first-year return on $76,779 initial cash invested.
-13.02%
Cash On Cash
2.95%
Cap Rate
0.47
DSCR
$1,136
Rent
-$833
Cashflow
Cash Flow
$1,136 income − $1,969 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,136
Total Expenses
$1,969
Mortgage P&I
130%
$1,477
Property Taxes
1%
$9
Home Insurance
9%
$98
HOA
0%
$0
Property Management
12%
$136
CapEx
4%
$45
Vacancy
3%
$34
Maintenance
4%
$45
Other
11%
$125