This property looks like a bad Mid-Term investment with a projected -1.26% first-year return on $75,477 initial cash invested.
-1.26%
Cash On Cash
6.79%
Cap Rate
1.02
DSCR
$2,604
Rent
-$79
Cashflow
Cash Flow
$2,604 income − $2,683 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,477
Downpayment
20%
$54,740
Closing costs
1%
$2,737
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,604
Total Expenses
$2,683
Mortgage P&I
59%
$1,524
Property Taxes
7%
$177
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286