This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $75,750 initial cash invested.
-3.5%
Cash On Cash
5.53%
Cap Rate
0.92
DSCR
$2,676
Rent
-$221
Cashflow
Cash Flow
$2,676 income − $2,897 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,676
Total Expenses
$2,897
Mortgage P&I
52%
$1,381
Property Taxes
19%
$511
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294