This property looks like a bad Mid-Term investment with a projected -6.84% first-year return on $75,750 initial cash invested.
-6.84%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$2,076
Rent
-$432
Cashflow
Cash Flow
$2,076 income − $2,508 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,076
Total Expenses
$2,508
Mortgage P&I
73%
$1,506
Property Taxes
10%
$201
Home Insurance
5%
$96
HOA
0%
$0
Property Management
12%
$249
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228