This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $75,540 initial cash invested.
-1.81%
Cash On Cash
6.56%
Cap Rate
0.99
DSCR
$2,498
Rent
-$114
Cashflow
Cash Flow
$2,498 income − $2,612 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,540
Downpayment
20%
$54,800
Closing costs
1%
$2,740
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$2,612
Mortgage P&I
60%
$1,511
Property Taxes
6%
$155
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275