This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $75,750 initial cash invested.
-4.23%
Cash On Cash
5.77%
Cap Rate
0.88
DSCR
$2,379
Rent
-$267
Cashflow
Cash Flow
$2,379 income − $2,646 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,379
Total Expenses
$2,646
Mortgage P&I
63%
$1,494
Property Taxes
10%
$248
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262