This property looks like a bad Mid-Term investment with a projected -3.11% first-year return on $72,579 initial cash invested.
-3.11%
Cash On Cash
6.3%
Cap Rate
0.94
DSCR
$2,428
Rent
-$188
Cashflow
Cash Flow
$2,428 income − $2,616 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,428
Total Expenses
$2,616
Mortgage P&I
60%
$1,456
Property Taxes
7%
$173
Home Insurance
4%
$91
HOA
3%
$71
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267