This property looks like a bad Mid-Term investment with a projected -8.27% first-year return on $75,603 initial cash invested.
-8.27%
Cash On Cash
4.45%
Cap Rate
0.7
DSCR
$2,072
Rent
-$521
Cashflow
Cash Flow
$2,072 income − $2,593 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,603
Downpayment
20%
$54,860
Closing costs
1%
$2,743
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,072
Total Expenses
$2,593
Mortgage P&I
70%
$1,456
Property Taxes
16%
$332
Home Insurance
5%
$100
HOA
0%
$0
Property Management
12%
$249
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228