This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $76,695 initial cash invested.
-0.59%
Cash On Cash
6.93%
Cap Rate
1.06
DSCR
$3,134
Rent
-$38
Cashflow
Cash Flow
$3,134 income − $3,172 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,695
Downpayment
20%
$55,900
Closing costs
1%
$2,795
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,134
Total Expenses
$3,172
Mortgage P&I
49%
$1,527
Property Taxes
16%
$486
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345