This property looks like a bad Mid-Term investment with a projected -9.55% first-year return on $72,495 initial cash invested.
-9.55%
Cash On Cash
3.88%
Cap Rate
0.62
DSCR
$1,418
Rent
-$577
Cashflow
Cash Flow
$1,418 income − $1,995 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,495
Downpayment
20%
$51,900
Closing costs
1%
$2,595
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,418
Total Expenses
$1,995
Mortgage P&I
96%
$1,360
Property Taxes
4%
$61
Home Insurance
6%
$91
HOA
0%
$0
Property Management
12%
$170
CapEx
4%
$57
Vacancy
3%
$43
Maintenance
4%
$57
Other
11%
$156