This property looks like a bad Mid-Term investment with a projected -2.89% first-year return on $74,847 initial cash invested.
-2.89%
Cash On Cash
6.39%
Cap Rate
0.95
DSCR
$2,522
Rent
-$180
Cashflow
Cash Flow
$2,522 income − $2,702 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,847
Downpayment
20%
$54,140
Closing costs
1%
$2,707
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,522
Total Expenses
$2,702
Mortgage P&I
60%
$1,521
Property Taxes
9%
$237
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277