This property looks like a bad Mid-Term investment with a projected -7.94% first-year return on $75,414 initial cash invested.
-7.94%
Cash On Cash
4.39%
Cap Rate
0.7
DSCR
$1,893
Rent
-$499
Cashflow
Cash Flow
$1,893 income − $2,392 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,414
Downpayment
20%
$54,680
Closing costs
1%
$2,734
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,893
Total Expenses
$2,392
Mortgage P&I
75%
$1,424
Property Taxes
12%
$226
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$227
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$208