This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $76,842 initial cash invested.
-5.56%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$2,157
Rent
-$356
Cashflow
Cash Flow
$2,157 income − $2,513 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,842
Downpayment
20%
$56,040
Closing costs
1%
$2,802
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,157
Total Expenses
$2,513
Mortgage P&I
70%
$1,520
Property Taxes
7%
$160
Home Insurance
5%
$100
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237