This property looks like a bad Mid-Term investment with a projected -2.24% first-year return on $74,532 initial cash invested.
-2.24%
Cash On Cash
6.53%
Cap Rate
0.98
DSCR
$2,882
Rent
-$139
Cashflow
Cash Flow
$2,882 income − $3,021 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,532
Downpayment
20%
$53,840
Closing costs
1%
$2,692
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,882
Total Expenses
$3,021
Mortgage P&I
52%
$1,490
Property Taxes
16%
$456
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317