This property looks like a bad Mid-Term investment with a projected -0.27% first-year return on $76,800 initial cash invested.
-0.27%
Cash On Cash
7.15%
Cap Rate
1.07
DSCR
$3,098
Rent
-$17
Cashflow
Cash Flow
$3,098 income − $3,115 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,115
Mortgage P&I
50%
$1,562
Property Taxes
12%
$371
Home Insurance
3%
$98
HOA
1%
$30
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341