This property looks like a bad Mid-Term investment with a projected -5.73% first-year return on $76,800 initial cash invested.
-5.73%
Cash On Cash
5.4%
Cap Rate
0.83
DSCR
$2,697
Rent
-$367
Cashflow
Cash Flow
$2,697 income − $3,064 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,697
Total Expenses
$3,064
Mortgage P&I
56%
$1,518
Property Taxes
18%
$475
Home Insurance
4%
$98
HOA
2%
$55
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297