This property looks like a bad Mid-Term investment with a projected -9.07% first-year return on $76,590 initial cash invested.
-9.07%
Cash On Cash
4.18%
Cap Rate
0.66
DSCR
$1,976
Rent
-$579
Cashflow
Cash Flow
$1,976 income − $2,555 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,976
Total Expenses
$2,555
Mortgage P&I
74%
$1,471
Property Taxes
16%
$315
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$217