This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $76,254 initial cash invested.
-1.2%
Cash On Cash
6.66%
Cap Rate
1.02
DSCR
$2,580
Rent
-$76
Cashflow
Cash Flow
$2,580 income − $2,656 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,254
Downpayment
20%
$55,480
Closing costs
1%
$2,774
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,580
Total Expenses
$2,656
Mortgage P&I
59%
$1,512
Property Taxes
7%
$169
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284