This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $75,750 initial cash invested.
-3.36%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$2,436
Rent
-$212
Cashflow
Cash Flow
$2,436 income − $2,648 expenses = $212 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
$2,436
Total Expenses
$2,648
Mortgage P&I
61%
$1,496
Property Taxes
9%
$229
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268