This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $76,779 initial cash invested.
-0.53%
Cash On Cash
7%
Cap Rate
1.05
DSCR
$2,692
Rent
-$34
Cashflow
Cash Flow
$2,692 income − $2,726 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,692
Total Expenses
$2,726
Mortgage P&I
58%
$1,559
Property Taxes
6%
$153
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296