This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $75,813 initial cash invested.
-5.94%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$1,989
Rent
-$375
Cashflow
Cash Flow
$1,989 income − $2,364 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,813
Downpayment
20%
$55,060
Closing costs
1%
$2,753
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,989
Total Expenses
$2,364
Mortgage P&I
76%
$1,511
Property Taxes
3%
$68
Home Insurance
5%
$107
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219