This property looks like a bad Mid-Term investment with a projected -1.19% first-year return on $75,876 initial cash invested.
-1.19%
Cash On Cash
6.85%
Cap Rate
1.02
DSCR
$2,724
Rent
-$75
Cashflow
Cash Flow
$2,724 income − $2,799 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,876
Downpayment
20%
$55,120
Closing costs
1%
$2,756
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,724
Total Expenses
$2,799
Mortgage P&I
57%
$1,540
Property Taxes
8%
$226
Home Insurance
4%
$98
HOA
0%
$8
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300