This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $76,254 initial cash invested.
-8.04%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$2,526
Rent
-$511
Cashflow
Cash Flow
$2,526 income − $3,037 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,526
Total Expenses
$3,037
Mortgage P&I
61%
$1,529
Property Taxes
22%
$549
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278