This property looks like a bad Mid-Term investment with a projected -0.56% first-year return on $72,579 initial cash invested.
-0.56%
Cash On Cash
6.62%
Cap Rate
1.05
DSCR
$2,508
Rent
-$34
Cashflow
Cash Flow
$2,508 income − $2,542 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,508
Total Expenses
$2,542
Mortgage P&I
55%
$1,367
Property Taxes
9%
$232
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276