This property looks like a bad Mid-Term investment with a projected -6.62% first-year return on $76,800 initial cash invested.
-6.62%
Cash On Cash
5.25%
Cap Rate
0.79
DSCR
$2,460
Rent
-$424
Cashflow
Cash Flow
$2,460 income − $2,884 expenses = $424 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$2,884
Mortgage P&I
63%
$1,552
Property Taxes
16%
$396
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271