This property looks like a bad Mid-Term investment with a projected -2.03% first-year return on $73,923 initial cash invested.
-2.03%
Cash On Cash
5.93%
Cap Rate
0.98
DSCR
$2,343
Rent
-$125
Cashflow
Cash Flow
$2,343 income − $2,468 expenses = $125 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,923
Downpayment
20%
$53,260
Closing costs
1%
$2,663
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,343
Total Expenses
$2,468
Mortgage P&I
57%
$1,347
Property Taxes
10%
$226
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258