This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $72,789 initial cash invested.
-4.76%
Cash On Cash
5.63%
Cap Rate
0.86
DSCR
$2,368
Rent
-$289
Cashflow
Cash Flow
$2,368 income − $2,657 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,789
Downpayment
20%
$52,180
Closing costs
1%
$2,609
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,368
Total Expenses
$2,657
Mortgage P&I
60%
$1,418
Property Taxes
15%
$346
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260