This property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $75,057 initial cash invested.
-1.3%
Cash On Cash
6.66%
Cap Rate
1.01
DSCR
$2,520
Rent
-$81
Cashflow
Cash Flow
$2,520 income − $2,601 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,057
Downpayment
20%
$54,340
Closing costs
1%
$2,717
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,520
Total Expenses
$2,601
Mortgage P&I
59%
$1,489
Property Taxes
6%
$159
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277