This property looks like a bad Mid-Term investment with a projected -9.1% first-year return on $76,464 initial cash invested.
-9.1%
Cash On Cash
4.42%
Cap Rate
0.67
DSCR
$1,932
Rent
-$580
Cashflow
Cash Flow
$1,932 income − $2,512 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,464
Downpayment
20%
$55,680
Closing costs
1%
$2,784
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,932
Total Expenses
$2,512
Mortgage P&I
79%
$1,529
Property Taxes
12%
$226
Home Insurance
5%
$100
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213