This property looks like a bad Mid-Term investment with a projected -5.32% first-year return on $76,464 initial cash invested.
-5.32%
Cash On Cash
5.74%
Cap Rate
0.84
DSCR
$2,232
Rent
-$339
Cashflow
Cash Flow
$2,232 income − $2,571 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,232
Total Expenses
$2,571
Mortgage P&I
71%
$1,581
Property Taxes
6%
$131
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246