This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $75,435 initial cash invested.
-0.59%
Cash On Cash
7.04%
Cap Rate
1.06
DSCR
$3,064
Rent
-$37
Cashflow
Cash Flow
$3,064 income − $3,101 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,435
Downpayment
20%
$54,700
Closing costs
1%
$2,735
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,064
Total Expenses
$3,101
Mortgage P&I
50%
$1,519
Property Taxes
14%
$441
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337