This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $73,650 initial cash invested.
-1.69%
Cash On Cash
6.73%
Cap Rate
1.01
DSCR
$2,985
Rent
-$104
Cashflow
Cash Flow
$2,985 income − $3,089 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,985
Total Expenses
$3,089
Mortgage P&I
49%
$1,471
Property Taxes
17%
$503
Home Insurance
3%
$93
HOA
0%
$8
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328