This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $77,073 initial cash invested.
-2.07%
Cash On Cash
6.56%
Cap Rate
0.99
DSCR
$2,841
Rent
-$133
Cashflow
Cash Flow
$2,841 income − $2,974 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,073
Downpayment
20%
$56,260
Closing costs
1%
$2,813
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,841
Total Expenses
$2,974
Mortgage P&I
55%
$1,557
Property Taxes
12%
$350
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313