This property looks like a bad Mid-Term investment with a projected -0.14% first-year return on $75,750 initial cash invested.
-0.14%
Cash On Cash
7.18%
Cap Rate
1.07
DSCR
$3,003
Rent
-$9
Cashflow
Cash Flow
$3,003 income − $3,012 expenses = $9 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,003
Total Expenses
$3,012
Mortgage P&I
51%
$1,534
Property Taxes
12%
$362
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330