This property looks like a bad Mid-Term investment with a projected -9.27% first-year return on $75,981 initial cash invested.
-9.27%
Cash On Cash
4.17%
Cap Rate
0.65
DSCR
$2,034
Rent
-$587
Cashflow
Cash Flow
$2,034 income − $2,621 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,981
Downpayment
20%
$55,220
Closing costs
1%
$2,761
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,034
Total Expenses
$2,621
Mortgage P&I
72%
$1,466
Property Taxes
18%
$362
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224