This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $75,939 initial cash invested.
-2.61%
Cash On Cash
6.38%
Cap Rate
0.96
DSCR
$2,402
Rent
-$165
Cashflow
Cash Flow
$2,402 income − $2,567 expenses = $165 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,939
Downpayment
20%
$55,180
Closing costs
1%
$2,759
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,402
Total Expenses
$2,567
Mortgage P&I
64%
$1,537
Property Taxes
5%
$117
Home Insurance
4%
$97
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264