This property looks like a bad Mid-Term investment with a projected -3.61% first-year return on $75,792 initial cash invested.
-3.61%
Cash On Cash
5.9%
Cap Rate
0.91
DSCR
$2,468
Rent
-$228
Cashflow
Cash Flow
$2,468 income − $2,696 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,792
Downpayment
20%
$55,040
Closing costs
1%
$2,752
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,468
Total Expenses
$2,696
Mortgage P&I
60%
$1,481
Property Taxes
11%
$278
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271