This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $75,960 initial cash invested.
-4.01%
Cash On Cash
5.62%
Cap Rate
0.89
DSCR
$2,186
Rent
-$254
Cashflow
Cash Flow
$2,186 income − $2,440 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,960
Downpayment
20%
$55,200
Closing costs
1%
$2,760
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,186
Total Expenses
$2,440
Mortgage P&I
67%
$1,460
Property Taxes
6%
$138
Home Insurance
5%
$100
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$240