This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $76,779 initial cash invested.
-6.33%
Cash On Cash
5.29%
Cap Rate
0.8
DSCR
$2,334
Rent
-$405
Cashflow
Cash Flow
$2,334 income − $2,739 expenses = $405 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,334
Total Expenses
$2,739
Mortgage P&I
66%
$1,547
Property Taxes
9%
$199
Home Insurance
4%
$98
HOA
4%
$102
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257