This property looks like a bad Mid-Term investment with a projected -0.06% first-year return on $76,989 initial cash invested.
-0.06%
Cash On Cash
7.06%
Cap Rate
1.06
DSCR
$2,598
Rent
-$4
Cashflow
Cash Flow
$2,598 income − $2,602 expenses = $4 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,989
Downpayment
20%
$56,180
Closing costs
1%
$2,809
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,598
Total Expenses
$2,602
Mortgage P&I
60%
$1,552
Property Taxes
2%
$64
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286