This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $75,750 initial cash invested.
-2.76%
Cash On Cash
6.13%
Cap Rate
0.96
DSCR
$2,739
Rent
-$174
Cashflow
Cash Flow
$2,739 income − $2,913 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,739
Total Expenses
$2,913
Mortgage P&I
54%
$1,468
Property Taxes
15%
$417
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301