This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $75,750 initial cash invested.
-3.17%
Cash On Cash
5.63%
Cap Rate
0.92
DSCR
$2,328
Rent
-$200
Cashflow
Cash Flow
$2,328 income − $2,528 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,328
Total Expenses
$2,528
Mortgage P&I
60%
$1,398
Property Taxes
10%
$243
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256