This property looks like a bad Mid-Term investment with a projected -1.52% first-year return on $75,960 initial cash invested.
-1.52%
Cash On Cash
6.09%
Cap Rate
1
DSCR
$2,230
Rent
-$96
Cashflow
Cash Flow
$2,230 income − $2,326 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,960
Downpayment
20%
$55,200
Closing costs
1%
$2,760
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,230
Total Expenses
$2,326
Mortgage P&I
63%
$1,407
Property Taxes
3%
$58
Home Insurance
5%
$103
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245