This property looks like a bad Mid-Term investment with a projected -2.71% first-year return on $76,212 initial cash invested.
-2.71%
Cash On Cash
6.32%
Cap Rate
0.95
DSCR
$2,466
Rent
-$172
Cashflow
Cash Flow
$2,466 income − $2,638 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,212
Downpayment
20%
$55,440
Closing costs
1%
$2,772
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,466
Total Expenses
$2,638
Mortgage P&I
62%
$1,533
Property Taxes
7%
$168
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271