This property looks like a bad Mid-Term investment with a projected -0.14% first-year return on $76,611 initial cash invested.
-0.14%
Cash On Cash
7%
Cap Rate
1.08
DSCR
$3,086
Rent
-$9
Cashflow
Cash Flow
$3,086 income − $3,095 expenses = $9 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,611
Downpayment
20%
$55,820
Closing costs
1%
$2,791
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,086
Total Expenses
$3,095
Mortgage P&I
49%
$1,513
Property Taxes
14%
$436
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339