This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $75,960 initial cash invested.
-5.29%
Cash On Cash
5.67%
Cap Rate
0.84
DSCR
$2,192
Rent
-$335
Cashflow
Cash Flow
$2,192 income − $2,527 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,192
Total Expenses
$2,527
Mortgage P&I
71%
$1,551
Property Taxes
6%
$133
Home Insurance
4%
$97
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241