This property looks like a bad Mid-Term investment with a projected -3.77% first-year return on $77,031 initial cash invested.
-3.77%
Cash On Cash
5.86%
Cap Rate
0.91
DSCR
$2,498
Rent
-$242
Cashflow
Cash Flow
$2,498 income − $2,740 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,031
Downpayment
20%
$56,220
Closing costs
1%
$2,811
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$2,740
Mortgage P&I
61%
$1,515
Property Taxes
8%
$191
Home Insurance
7%
$184
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275