This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $76,275 initial cash invested.
-4.23%
Cash On Cash
5.99%
Cap Rate
0.89
DSCR
$2,652
Rent
-$269
Cashflow
Cash Flow
$2,652 income − $2,921 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,275
Downpayment
20%
$55,500
Closing costs
1%
$2,775
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,652
Total Expenses
$2,921
Mortgage P&I
58%
$1,548
Property Taxes
3%
$92
Home Insurance
4%
$102
HOA
10%
$277
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292