This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $76,401 initial cash invested.
-0.24%
Cash On Cash
6.9%
Cap Rate
1.06
DSCR
$2,680
Rent
-$15
Cashflow
Cash Flow
$2,680 income − $2,695 expenses = $15 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,401
Downpayment
20%
$55,620
Closing costs
1%
$2,781
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,680
Total Expenses
$2,695
Mortgage P&I
56%
$1,508
Property Taxes
6%
$150
Home Insurance
4%
$98
HOA
1%
$28
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295