This property looks like a bad Mid-Term investment with a projected -1.51% first-year return on $74,490 initial cash invested.
-1.51%
Cash On Cash
6.78%
Cap Rate
1
DSCR
$2,400
Rent
-$94
Cashflow
Cash Flow
$2,400 income − $2,494 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$2,494
Mortgage P&I
63%
$1,518
Property Taxes
3%
$66
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264