This property looks like a bad Mid-Term investment with a projected -1.6% first-year return on $76,590 initial cash invested.
-1.6%
Cash On Cash
6.29%
Cap Rate
1
DSCR
$2,376
Rent
-$102
Cashflow
Cash Flow
$2,376 income − $2,478 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,376
Total Expenses
$2,478
Mortgage P&I
62%
$1,470
Property Taxes
4%
$103
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261