This property looks like a bad Mid-Term investment with a projected -0.46% first-year return on $76,338 initial cash invested.
-0.46%
Cash On Cash
6.96%
Cap Rate
1.05
DSCR
$2,703
Rent
-$29
Cashflow
Cash Flow
$2,703 income − $2,732 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,338
Downpayment
20%
$55,560
Closing costs
1%
$2,778
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,703
Total Expenses
$2,732
Mortgage P&I
57%
$1,533
Property Taxes
7%
$176
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297