This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $76,779 initial cash invested.
-0.59%
Cash On Cash
6.85%
Cap Rate
1.06
DSCR
$3,279
Rent
-$38
Cashflow
Cash Flow
$3,279 income − $3,317 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,279
Total Expenses
$3,317
Mortgage P&I
46%
$1,504
Property Taxes
18%
$601
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361