This property looks like a bad Mid-Term investment with a projected -7.72% first-year return on $75,813 initial cash invested.
-7.72%
Cash On Cash
4.66%
Cap Rate
0.72
DSCR
$1,942
Rent
-$488
Cashflow
Cash Flow
$1,942 income − $2,430 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,813
Downpayment
20%
$55,060
Closing costs
1%
$2,753
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,942
Total Expenses
$2,430
Mortgage P&I
76%
$1,480
Property Taxes
10%
$191
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214