This property looks like a bad Mid-Term investment with a projected -10.75% first-year return on $76,800 initial cash invested.
-10.75%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,180
Rent
-$688
Cashflow
Cash Flow
$2,180 income − $2,868 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,180
Total Expenses
$2,868
Mortgage P&I
70%
$1,531
Property Taxes
23%
$498
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240