This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $74,553 initial cash invested.
-1.13%
Cash On Cash
6.79%
Cap Rate
1.03
DSCR
$2,870
Rent
-$70
Cashflow
Cash Flow
$2,870 income − $2,940 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,553
Downpayment
20%
$53,860
Closing costs
1%
$2,693
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,870
Total Expenses
$2,940
Mortgage P&I
52%
$1,479
Property Taxes
14%
$389
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316