This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $75,750 initial cash invested.
-4.63%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$2,222
Rent
-$292
Cashflow
Cash Flow
$2,222 income − $2,514 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,222
Total Expenses
$2,514
Mortgage P&I
68%
$1,511
Property Taxes
7%
$151
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244