This property looks like a bad Mid-Term investment with a projected -4.28% first-year return on $76,590 initial cash invested.
-4.28%
Cash On Cash
5.91%
Cap Rate
0.88
DSCR
$2,336
Rent
-$273
Cashflow
Cash Flow
$2,336 income − $2,609 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,336
Total Expenses
$2,609
Mortgage P&I
67%
$1,555
Property Taxes
7%
$163
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257