This property looks like a bad Mid-Term investment with a projected -1.64% first-year return on $76,275 initial cash invested.
-1.64%
Cash On Cash
6.92%
Cap Rate
1.01
DSCR
$2,884
Rent
-$104
Cashflow
Cash Flow
$2,884 income − $2,988 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,275
Downpayment
20%
$55,500
Closing costs
1%
$2,775
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$2,988
Mortgage P&I
55%
$1,590
Property Taxes
12%
$348
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317