This property looks like a bad Mid-Term investment with a projected -6.87% first-year return on $74,889 initial cash invested.
-6.87%
Cash On Cash
5.03%
Cap Rate
0.77
DSCR
$2,260
Rent
-$429
Cashflow
Cash Flow
$2,260 income − $2,689 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,889
Downpayment
20%
$54,180
Closing costs
1%
$2,709
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,260
Total Expenses
$2,689
Mortgage P&I
65%
$1,474
Property Taxes
15%
$349
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$249