This property looks like a bad Mid-Term investment with a projected -1.25% first-year return on $75,750 initial cash invested.
-1.25%
Cash On Cash
6.75%
Cap Rate
1.01
DSCR
$2,530
Rent
-$79
Cashflow
Cash Flow
$2,530 income − $2,609 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,530
Total Expenses
$2,609
Mortgage P&I
60%
$1,526
Property Taxes
5%
$127
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278