This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $75,183 initial cash invested.
-4.04%
Cash On Cash
6.04%
Cap Rate
0.9
DSCR
$2,362
Rent
-$253
Cashflow
Cash Flow
$2,362 income − $2,615 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,183
Downpayment
20%
$54,460
Closing costs
1%
$2,723
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,362
Total Expenses
$2,615
Mortgage P&I
65%
$1,529
Property Taxes
10%
$226
Home Insurance
2%
$58
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260