This property looks like a bad Mid-Term investment with a projected -7.43% first-year return on $75,750 initial cash invested.
-7.43%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$2,067
Rent
-$469
Cashflow
Cash Flow
$2,067 income − $2,536 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,067
Total Expenses
$2,536
Mortgage P&I
73%
$1,518
Property Taxes
11%
$219
Home Insurance
5%
$96
HOA
0%
$0
Property Management
12%
$248
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$227