This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $75,267 initial cash invested.
-2.76%
Cash On Cash
6.29%
Cap Rate
0.96
DSCR
$2,736
Rent
-$173
Cashflow
Cash Flow
$2,736 income − $2,909 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,267
Downpayment
20%
$54,540
Closing costs
1%
$2,727
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,736
Total Expenses
$2,909
Mortgage P&I
55%
$1,493
Property Taxes
14%
$391
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301