This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $72,558 initial cash invested.
-3.52%
Cash On Cash
5.57%
Cap Rate
0.91
DSCR
$2,216
Rent
-$213
Cashflow
Cash Flow
$2,216 income − $2,429 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,558
Downpayment
20%
$51,960
Closing costs
1%
$2,598
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,216
Total Expenses
$2,429
Mortgage P&I
60%
$1,330
Property Taxes
11%
$252
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$66
Maintenance
4%
$89
Other
11%
$244