This property looks like a bad Mid-Term investment with a projected -0.93% first-year return on $73,650 initial cash invested.
-0.93%
Cash On Cash
6.73%
Cap Rate
1.02
DSCR
$2,324
Rent
-$57
Cashflow
Cash Flow
$2,324 income − $2,381 expenses = $57 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,324
Total Expenses
$2,381
Mortgage P&I
62%
$1,451
Property Taxes
2%
$46
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256