This property looks like a bad Mid-Term investment with a projected -5.06% first-year return on $76,569 initial cash invested.
-5.06%
Cash On Cash
5.5%
Cap Rate
0.85
DSCR
$2,444
Rent
-$323
Cashflow
Cash Flow
$2,444 income − $2,767 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,569
Downpayment
20%
$55,780
Closing costs
1%
$2,789
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,444
Total Expenses
$2,767
Mortgage P&I
62%
$1,503
Property Taxes
14%
$335
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269