This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $76,800 initial cash invested.
-4.25%
Cash On Cash
5.93%
Cap Rate
0.88
DSCR
$2,217
Rent
-$272
Cashflow
Cash Flow
$2,217 income − $2,489 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,217
Total Expenses
$2,489
Mortgage P&I
71%
$1,566
Property Taxes
3%
$70
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244