This property looks like a bad Mid-Term investment with a projected -5.78% first-year return on $76,590 initial cash invested.
-5.78%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$2,036
Rent
-$369
Cashflow
Cash Flow
$2,036 income − $2,405 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,036
Total Expenses
$2,405
Mortgage P&I
75%
$1,535
Property Taxes
4%
$81
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224