This property looks like a bad Mid-Term investment with a projected -1.28% first-year return on $77,010 initial cash invested.
-1.28%
Cash On Cash
6.81%
Cap Rate
1.03
DSCR
$3,196
Rent
-$82
Cashflow
Cash Flow
$3,196 income − $3,278 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,010
Downpayment
20%
$56,200
Closing costs
1%
$2,810
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$3,278
Mortgage P&I
48%
$1,548
Property Taxes
13%
$417
Home Insurance
3%
$102
HOA
4%
$123
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352