This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $75,078 initial cash invested.
-4.16%
Cash On Cash
5.97%
Cap Rate
0.9
DSCR
$2,625
Rent
-$260
Cashflow
Cash Flow
$2,625 income − $2,885 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,078
Downpayment
20%
$54,360
Closing costs
1%
$2,718
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,625
Total Expenses
$2,885
Mortgage P&I
57%
$1,508
Property Taxes
15%
$388
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289