This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $75,750 initial cash invested.
-3.06%
Cash On Cash
6.1%
Cap Rate
0.95
DSCR
$2,844
Rent
-$193
Cashflow
Cash Flow
$2,844 income − $3,037 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,844
Total Expenses
$3,037
Mortgage P&I
52%
$1,476
Property Taxes
18%
$498
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313