This property looks like a bad Mid-Term investment with a projected -1.5% first-year return on $76,002 initial cash invested.
-1.5%
Cash On Cash
6.32%
Cap Rate
1.01
DSCR
$2,744
Rent
-$95
Cashflow
Cash Flow
$2,744 income − $2,839 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,002
Downpayment
20%
$55,240
Closing costs
1%
$2,762
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,744
Total Expenses
$2,839
Mortgage P&I
52%
$1,440
Property Taxes
13%
$370
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302