This property looks like a bad Mid-Term investment with a projected -1.45% first-year return on $72,642 initial cash invested.
-1.45%
Cash On Cash
6.64%
Cap Rate
1.01
DSCR
$2,584
Rent
-$88
Cashflow
Cash Flow
$2,584 income − $2,672 expenses = $88 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,642
Downpayment
20%
$52,040
Closing costs
1%
$2,602
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,584
Total Expenses
$2,672
Mortgage P&I
55%
$1,425
Property Taxes
10%
$258
Home Insurance
4%
$94
HOA
1%
$17
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284