This property looks like a bad Mid-Term investment with a projected -3.82% first-year return on $75,750 initial cash invested.
-3.82%
Cash On Cash
5.93%
Cap Rate
0.9
DSCR
$2,230
Rent
-$241
Cashflow
Cash Flow
$2,230 income − $2,471 expenses = $241 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
$2,230
Total Expenses
$2,471
Mortgage P&I
68%
$1,510
Property Taxes
5%
$107
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245