This property looks like a bad Mid-Term investment with a projected -2.84% first-year return on $75,750 initial cash invested.
-2.84%
Cash On Cash
6.41%
Cap Rate
0.96
DSCR
$2,878
Rent
-$179
Cashflow
Cash Flow
$2,878 income − $3,057 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,878
Total Expenses
$3,057
Mortgage P&I
53%
$1,534
Property Taxes
16%
$449
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317