This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $76,863 initial cash invested.
-0.84%
Cash On Cash
6.96%
Cap Rate
1.04
DSCR
$2,828
Rent
-$54
Cashflow
Cash Flow
$2,828 income − $2,882 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,863
Downpayment
20%
$56,060
Closing costs
1%
$2,803
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,828
Total Expenses
$2,882
Mortgage P&I
55%
$1,567
Property Taxes
9%
$254
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311