This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $75,750 initial cash invested.
-3.06%
Cash On Cash
6.14%
Cap Rate
0.94
DSCR
$2,660
Rent
-$193
Cashflow
Cash Flow
$2,660 income − $2,853 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,660
Total Expenses
$2,853
Mortgage P&I
56%
$1,494
Property Taxes
14%
$359
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293