This property looks like a bad Mid-Term investment with a projected -2.44% first-year return on $76,695 initial cash invested.
-2.44%
Cash On Cash
5.97%
Cap Rate
0.96
DSCR
$2,388
Rent
-$156
Cashflow
Cash Flow
$2,388 income − $2,544 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,388
Total Expenses
$2,544
Mortgage P&I
61%
$1,450
Property Taxes
8%
$182
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263