This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $76,779 initial cash invested.
-4.95%
Cash On Cash
5.58%
Cap Rate
0.86
DSCR
$2,448
Rent
-$317
Cashflow
Cash Flow
$2,448 income − $2,765 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$2,765
Mortgage P&I
62%
$1,521
Property Taxes
13%
$314
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269