This property looks like a bad Mid-Term investment with a projected -2.83% first-year return on $73,230 initial cash invested.
-2.83%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$2,895
Rent
-$173
Cashflow
Cash Flow
$2,895 income − $3,068 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,230
Downpayment
20%
$52,600
Closing costs
1%
$2,630
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$3,068
Mortgage P&I
50%
$1,457
Property Taxes
17%
$489
Home Insurance
4%
$122
HOA
1%
$16
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318