This property looks like a bad Mid-Term investment with a projected -6.25% first-year return on $75,309 initial cash invested.
-6.25%
Cash On Cash
5.05%
Cap Rate
0.8
DSCR
$2,592
Rent
-$392
Cashflow
Cash Flow
$2,592 income − $2,984 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,309
Downpayment
20%
$54,580
Closing costs
1%
$2,729
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,592
Total Expenses
$2,984
Mortgage P&I
55%
$1,436
Property Taxes
22%
$558
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285