This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $75,750 initial cash invested.
-5.48%
Cash On Cash
5.59%
Cap Rate
0.84
DSCR
$2,642
Rent
-$346
Cashflow
Cash Flow
$2,642 income − $2,988 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,642
Total Expenses
$2,988
Mortgage P&I
58%
$1,522
Property Taxes
17%
$453
Home Insurance
4%
$96
HOA
1%
$18
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291