This property looks like a bad Mid-Term investment with a projected -0.46% first-year return on $76,023 initial cash invested.
-0.46%
Cash On Cash
6.94%
Cap Rate
1.05
DSCR
$2,664
Rent
-$29
Cashflow
Cash Flow
$2,664 income − $2,693 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,023
Downpayment
20%
$55,260
Closing costs
1%
$2,763
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,664
Total Expenses
$2,693
Mortgage P&I
57%
$1,519
Property Taxes
4%
$104
Home Insurance
6%
$163
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293