This property looks like a bad Mid-Term investment with a projected -3.72% first-year return on $75,750 initial cash invested.
-3.72%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$2,696
Rent
-$235
Cashflow
Cash Flow
$2,696 income − $2,931 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,696
Total Expenses
$2,931
Mortgage P&I
56%
$1,514
Property Taxes
15%
$403
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297