This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $75,750 initial cash invested.
-1.14%
Cash On Cash
6.8%
Cap Rate
1.02
DSCR
$2,590
Rent
-$72
Cashflow
Cash Flow
$2,590 income − $2,662 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,590
Total Expenses
$2,662
Mortgage P&I
59%
$1,526
Property Taxes
6%
$158
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285