This property looks like a bad Mid-Term investment with a projected -6.5% first-year return on $76,800 initial cash invested.
-6.5%
Cash On Cash
4.95%
Cap Rate
0.78
DSCR
$2,022
Rent
-$416
Cashflow
Cash Flow
$2,022 income − $2,438 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,022
Total Expenses
$2,438
Mortgage P&I
74%
$1,490
Property Taxes
8%
$162
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$243
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$222