This property looks like a bad Mid-Term investment with a projected -1.86% first-year return on $75,498 initial cash invested.
-1.86%
Cash On Cash
6.03%
Cap Rate
0.98
DSCR
$2,206
Rent
-$117
Cashflow
Cash Flow
$2,206 income − $2,323 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,498
Downpayment
20%
$54,760
Closing costs
1%
$2,738
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,206
Total Expenses
$2,323
Mortgage P&I
64%
$1,404
Property Taxes
4%
$78
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243