This property looks like a bad Mid-Term investment with a projected -18.9% first-year return on $75,225 initial cash invested.
-18.9%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$2,786
Rent
-$1,185
Cashflow
Cash Flow
$2,786 income − $3,971 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,225
Downpayment
20%
$54,500
Closing costs
1%
$2,725
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$3,971
Mortgage P&I
50%
$1,394
Property Taxes
10%
$281
Home Insurance
4%
$100
HOA
45%
$1,250
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306