This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $75,015 initial cash invested.
-3.63%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$2,560
Rent
-$227
Cashflow
Cash Flow
$2,560 income − $2,787 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,015
Downpayment
20%
$54,300
Closing costs
1%
$2,715
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$2,787
Mortgage P&I
59%
$1,507
Property Taxes
12%
$314
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282