This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $74,994 initial cash invested.
-3.7%
Cash On Cash
5.81%
Cap Rate
0.92
DSCR
$2,782
Rent
-$231
Cashflow
Cash Flow
$2,782 income − $3,013 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,994
Downpayment
20%
$54,280
Closing costs
1%
$2,714
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,782
Total Expenses
$3,013
Mortgage P&I
52%
$1,435
Property Taxes
19%
$528
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306