This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $76,695 initial cash invested.
-2.47%
Cash On Cash
6.06%
Cap Rate
0.96
DSCR
$2,427
Rent
-$158
Cashflow
Cash Flow
$2,427 income − $2,585 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,695
Downpayment
20%
$55,900
Closing costs
1%
$2,795
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,427
Total Expenses
$2,585
Mortgage P&I
61%
$1,472
Property Taxes
8%
$190
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267