This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $77,052 initial cash invested.
-1.87%
Cash On Cash
6.25%
Cap Rate
0.99
DSCR
$2,502
Rent
-$120
Cashflow
Cash Flow
$2,502 income − $2,622 expenses = $120 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,052
Downpayment
20%
$56,240
Closing costs
1%
$2,812
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,502
Total Expenses
$2,622
Mortgage P&I
59%
$1,484
Property Taxes
7%
$187
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275