This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $72,978 initial cash invested.
-0.84%
Cash On Cash
7.1%
Cap Rate
1.04
DSCR
$2,700
Rent
-$51
Cashflow
Cash Flow
$2,700 income − $2,751 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,978
Downpayment
20%
$52,360
Closing costs
1%
$2,618
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,700
Total Expenses
$2,751
Mortgage P&I
55%
$1,492
Property Taxes
9%
$248
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297