This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $76,296 initial cash invested.
-4.15%
Cash On Cash
5.68%
Cap Rate
0.88
DSCR
$2,092
Rent
-$264
Cashflow
Cash Flow
$2,092 income − $2,356 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,296
Downpayment
20%
$55,520
Closing costs
1%
$2,776
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,092
Total Expenses
$2,356
Mortgage P&I
71%
$1,494
Property Taxes
2%
$49
Home Insurance
5%
$101
HOA
0%
$0
Property Management
12%
$251
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$230