This property looks like a bad Mid-Term investment with a projected -1.67% first-year return on $75,645 initial cash invested.
-1.67%
Cash On Cash
6.54%
Cap Rate
0.99
DSCR
$2,346
Rent
-$105
Cashflow
Cash Flow
$2,346 income − $2,451 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,645
Downpayment
20%
$54,900
Closing costs
1%
$2,745
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,346
Total Expenses
$2,451
Mortgage P&I
64%
$1,506
Property Taxes
2%
$49
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258