This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $72,579 initial cash invested.
-4.86%
Cash On Cash
5.57%
Cap Rate
0.85
DSCR
$2,070
Rent
-$294
Cashflow
Cash Flow
$2,070 income − $2,364 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,070
Total Expenses
$2,364
Mortgage P&I
69%
$1,418
Property Taxes
7%
$151
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$248
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228