This property looks like a bad Mid-Term investment with a projected -0.65% first-year return on $77,073 initial cash invested.
-0.65%
Cash On Cash
6.65%
Cap Rate
1.04
DSCR
$2,560
Rent
-$42
Cashflow
Cash Flow
$2,560 income − $2,602 expenses = $42 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,073
Downpayment
20%
$56,260
Closing costs
1%
$2,813
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$2,602
Mortgage P&I
59%
$1,500
Property Taxes
5%
$132
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282