This property looks like a bad Mid-Term investment with a projected -1.55% first-year return on $75,729 initial cash invested.
-1.55%
Cash On Cash
6.81%
Cap Rate
1.01
DSCR
$2,691
Rent
-$98
Cashflow
Cash Flow
$2,691 income − $2,789 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,691
Total Expenses
$2,789
Mortgage P&I
58%
$1,550
Property Taxes
9%
$243
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296