This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $75,015 initial cash invested.
-0.96%
Cash On Cash
6.61%
Cap Rate
1.02
DSCR
$2,400
Rent
-$60
Cashflow
Cash Flow
$2,400 income − $2,460 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,015
Downpayment
20%
$54,300
Closing costs
1%
$2,715
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$2,460
Mortgage P&I
61%
$1,459
Property Taxes
4%
$85
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264