This property looks like a bad Mid-Term investment with a projected -1.37% first-year return on $75,540 initial cash invested.
-1.37%
Cash On Cash
6.71%
Cap Rate
1.02
DSCR
$2,742
Rent
-$86
Cashflow
Cash Flow
$2,742 income − $2,828 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,540
Downpayment
20%
$54,800
Closing costs
1%
$2,740
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,742
Total Expenses
$2,828
Mortgage P&I
55%
$1,509
Property Taxes
11%
$290
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302