This property looks like a bad Mid-Term investment with a projected -6.12% first-year return on $76,800 initial cash invested.
-6.12%
Cash On Cash
5.22%
Cap Rate
0.81
DSCR
$2,446
Rent
-$392
Cashflow
Cash Flow
$2,446 income − $2,838 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,446
Total Expenses
$2,838
Mortgage P&I
62%
$1,512
Property Taxes
16%
$396
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269