This property looks like a bad Mid-Term investment with a projected -1.45% first-year return on $75,120 initial cash invested.
-1.45%
Cash On Cash
6.42%
Cap Rate
1.01
DSCR
$2,685
Rent
-$91
Cashflow
Cash Flow
$2,685 income − $2,776 expenses = $91 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,120
Downpayment
20%
$54,400
Closing costs
1%
$2,720
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,685
Total Expenses
$2,776
Mortgage P&I
54%
$1,439
Property Taxes
12%
$330
Home Insurance
4%
$95
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295