This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $75,834 initial cash invested.
-4.04%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$2,000
Rent
-$255
Cashflow
Cash Flow
$2,000 income − $2,255 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,834
Downpayment
20%
$55,080
Closing costs
1%
$2,754
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,000
Total Expenses
$2,255
Mortgage P&I
70%
$1,409
Property Taxes
3%
$66
Home Insurance
5%
$100
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220