This property looks like a bad Mid-Term investment with a projected -4.28% first-year return on $75,729 initial cash invested.
-4.28%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$2,772
Rent
-$270
Cashflow
Cash Flow
$2,772 income − $3,042 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,772
Total Expenses
$3,042
Mortgage P&I
54%
$1,495
Property Taxes
18%
$508
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305