This property looks like a bad Mid-Term investment with a projected -2.14% first-year return on $76,842 initial cash invested.
-2.14%
Cash On Cash
6.43%
Cap Rate
0.98
DSCR
$2,498
Rent
-$137
Cashflow
Cash Flow
$2,498 income − $2,635 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,842
Downpayment
20%
$56,040
Closing costs
1%
$2,802
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$2,635
Mortgage P&I
62%
$1,539
Property Taxes
6%
$146
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275