This property looks like a bad Mid-Term investment with a projected -4.61% first-year return on $75,750 initial cash invested.
-4.61%
Cash On Cash
5.21%
Cap Rate
0.85
DSCR
$2,084
Rent
-$291
Cashflow
Cash Flow
$2,084 income − $2,375 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,084
Total Expenses
$2,375
Mortgage P&I
67%
$1,403
Property Taxes
8%
$168
Home Insurance
5%
$96
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$63
Maintenance
4%
$83
Other
11%
$229