This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $76,044 initial cash invested.
-5.68%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$1,962
Rent
-$360
Cashflow
Cash Flow
$1,962 income − $2,322 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,044
Downpayment
20%
$55,280
Closing costs
1%
$2,764
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,962
Total Expenses
$2,322
Mortgage P&I
77%
$1,510
Property Taxes
2%
$48
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$235
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$216