This property looks like a bad Mid-Term investment with a projected -0.69% first-year return on $76,989 initial cash invested.
-0.69%
Cash On Cash
6.78%
Cap Rate
1.04
DSCR
$2,505
Rent
-$44
Cashflow
Cash Flow
$2,505 income − $2,549 expenses = $44 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,989
Downpayment
20%
$56,180
Closing costs
1%
$2,809
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,505
Total Expenses
$2,549
Mortgage P&I
61%
$1,530
Property Taxes
3%
$67
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276