This property looks like a bad Mid-Term investment with a projected -3.8% first-year return on $76,107 initial cash invested.
-3.8%
Cash On Cash
5.46%
Cap Rate
0.89
DSCR
$2,186
Rent
-$241
Cashflow
Cash Flow
$2,186 income − $2,427 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,107
Downpayment
20%
$55,340
Closing costs
1%
$2,767
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,186
Total Expenses
$2,427
Mortgage P&I
65%
$1,412
Property Taxes
8%
$171
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$240