This property looks like a bad Mid-Term investment with a projected -0.94% first-year return on $76,758 initial cash invested.
-0.94%
Cash On Cash
6.69%
Cap Rate
1.04
DSCR
$2,877
Rent
-$60
Cashflow
Cash Flow
$2,877 income − $2,937 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,758
Downpayment
20%
$55,960
Closing costs
1%
$2,798
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,877
Total Expenses
$2,937
Mortgage P&I
52%
$1,504
Property Taxes
12%
$340
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316