This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $76,968 initial cash invested.
-0.78%
Cash On Cash
6.45%
Cap Rate
1.03
DSCR
$2,428
Rent
-$50
Cashflow
Cash Flow
$2,428 income − $2,478 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,968
Downpayment
20%
$56,160
Closing costs
1%
$2,808
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,428
Total Expenses
$2,478
Mortgage P&I
60%
$1,463
Property Taxes
5%
$124
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267