This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $75,750 initial cash invested.
-3.23%
Cash On Cash
5.91%
Cap Rate
0.93
DSCR
$2,464
Rent
-$204
Cashflow
Cash Flow
$2,464 income − $2,668 expenses = $204 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,464
Total Expenses
$2,668
Mortgage P&I
59%
$1,460
Property Taxes
11%
$273
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271