This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $76,947 initial cash invested.
-2.65%
Cash On Cash
6.29%
Cap Rate
0.95
DSCR
$2,454
Rent
-$170
Cashflow
Cash Flow
$2,454 income − $2,624 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,947
Downpayment
20%
$56,140
Closing costs
1%
$2,807
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,454
Total Expenses
$2,624
Mortgage P&I
63%
$1,543
Property Taxes
6%
$147
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270