This property looks like a bad Mid-Term investment with a projected -2.35% first-year return on $76,065 initial cash invested.
-2.35%
Cash On Cash
6.63%
Cap Rate
0.97
DSCR
$2,499
Rent
-$149
Cashflow
Cash Flow
$2,499 income − $2,648 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,065
Downpayment
20%
$55,300
Closing costs
1%
$2,765
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,499
Total Expenses
$2,648
Mortgage P&I
63%
$1,576
Property Taxes
5%
$124
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275