This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $75,015 initial cash invested.
-5.02%
Cash On Cash
5.77%
Cap Rate
0.86
DSCR
$2,542
Rent
-$314
Cashflow
Cash Flow
$2,542 income − $2,856 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,015
Downpayment
20%
$54,300
Closing costs
1%
$2,715
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,542
Total Expenses
$2,856
Mortgage P&I
60%
$1,517
Property Taxes
15%
$378
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280