This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $75,162 initial cash invested.
-4.15%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$2,630
Rent
-$260
Cashflow
Cash Flow
$2,630 income − $2,890 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,162
Downpayment
20%
$54,440
Closing costs
1%
$2,722
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,630
Total Expenses
$2,890
Mortgage P&I
57%
$1,498
Property Taxes
15%
$400
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289