This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $76,527 initial cash invested.
-2.67%
Cash On Cash
6.48%
Cap Rate
0.97
DSCR
$2,904
Rent
-$170
Cashflow
Cash Flow
$2,904 income − $3,074 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,527
Downpayment
20%
$55,740
Closing costs
1%
$2,787
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$3,074
Mortgage P&I
54%
$1,559
Property Taxes
15%
$429
Home Insurance
3%
$100
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319