This property looks like a bad Mid-Term investment with a projected -0.05% first-year return on $76,800 initial cash invested.
-0.05%
Cash On Cash
6.63%
Cap Rate
1.07
DSCR
$2,589
Rent
-$3
Cashflow
Cash Flow
$2,589 income − $2,592 expenses = $3 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,589
Total Expenses
$2,592
Mortgage P&I
56%
$1,445
Property Taxes
6%
$167
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285