This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $76,800 initial cash invested.
-0.59%
Cash On Cash
6.85%
Cap Rate
1.05
DSCR
$2,816
Rent
-$38
Cashflow
Cash Flow
$2,816 income − $2,854 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,816
Total Expenses
$2,854
Mortgage P&I
54%
$1,524
Property Taxes
6%
$171
Home Insurance
4%
$101
HOA
4%
$100
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310