This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $76,464 initial cash invested.
-3.94%
Cash On Cash
6.13%
Cap Rate
0.91
DSCR
$2,916
Rent
-$251
Cashflow
Cash Flow
$2,916 income − $3,167 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,464
Downpayment
20%
$55,680
Closing costs
1%
$2,784
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$3,167
Mortgage P&I
53%
$1,556
Property Taxes
17%
$488
Home Insurance
3%
$98
HOA
1%
$33
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321