This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $74,385 initial cash invested.
-3.79%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$2,746
Rent
-$235
Cashflow
Cash Flow
$2,746 income − $2,981 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,385
Downpayment
20%
$53,700
Closing costs
1%
$2,685
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,746
Total Expenses
$2,981
Mortgage P&I
54%
$1,479
Property Taxes
17%
$470
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302