This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $75,750 initial cash invested.
-1.08%
Cash On Cash
6.68%
Cap Rate
1.02
DSCR
$2,442
Rent
-$68
Cashflow
Cash Flow
$2,442 income − $2,510 expenses = $68 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,442
Total Expenses
$2,510
Mortgage P&I
61%
$1,501
Property Taxes
3%
$82
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269