This property looks like a bad Mid-Term investment with a projected -0.58% first-year return on $76,800 initial cash invested.
-0.58%
Cash On Cash
6.76%
Cap Rate
1.05
DSCR
$2,982
Rent
-$37
Cashflow
Cash Flow
$2,982 income − $3,019 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,982
Total Expenses
$3,019
Mortgage P&I
50%
$1,495
Property Taxes
14%
$413
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328