This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $76,590 initial cash invested.
-6.93%
Cash On Cash
5.03%
Cap Rate
0.77
DSCR
$2,146
Rent
-$442
Cashflow
Cash Flow
$2,146 income − $2,588 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,146
Total Expenses
$2,588
Mortgage P&I
71%
$1,526
Property Taxes
11%
$234
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$258
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$236