This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $72,600 initial cash invested.
-4.41%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$2,328
Rent
-$267
Cashflow
Cash Flow
$2,328 income − $2,595 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,328
Total Expenses
$2,595
Mortgage P&I
61%
$1,431
Property Taxes
12%
$282
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256