This property looks like a bad Mid-Term investment with a projected -0.58% first-year return on $76,674 initial cash invested.
-0.58%
Cash On Cash
6.28%
Cap Rate
1.04
DSCR
$2,348
Rent
-$37
Cashflow
Cash Flow
$2,348 income − $2,385 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,674
Downpayment
20%
$55,880
Closing costs
1%
$2,794
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,348
Total Expenses
$2,385
Mortgage P&I
60%
$1,406
Property Taxes
3%
$81
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258