This property looks like a bad Mid-Term investment with a projected -0.22% first-year return on $74,826 initial cash invested.
-0.22%
Cash On Cash
6.96%
Cap Rate
1.06
DSCR
$2,538
Rent
-$14
Cashflow
Cash Flow
$2,538 income − $2,552 expenses = $14 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,826
Downpayment
20%
$54,120
Closing costs
1%
$2,706
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,538
Total Expenses
$2,552
Mortgage P&I
58%
$1,481
Property Taxes
4%
$109
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$279