This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $76,779 initial cash invested.
-6.97%
Cash On Cash
5.16%
Cap Rate
0.79
DSCR
$2,948
Rent
-$446
Cashflow
Cash Flow
$2,948 income − $3,394 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,948
Total Expenses
$3,394
Mortgage P&I
52%
$1,531
Property Taxes
20%
$580
Home Insurance
3%
$98
HOA
6%
$183
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324