This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $75,246 initial cash invested.
-5.37%
Cash On Cash
5.37%
Cap Rate
0.84
DSCR
$2,637
Rent
-$337
Cashflow
Cash Flow
$2,637 income − $2,974 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,246
Downpayment
20%
$54,520
Closing costs
1%
$2,726
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,637
Total Expenses
$2,974
Mortgage P&I
55%
$1,451
Property Taxes
20%
$528
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290