This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $72,999 initial cash invested.
-3.57%
Cash On Cash
5.81%
Cap Rate
0.91
DSCR
$2,156
Rent
-$217
Cashflow
Cash Flow
$2,156 income − $2,373 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,999
Downpayment
20%
$52,380
Closing costs
1%
$2,619
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,156
Total Expenses
$2,373
Mortgage P&I
65%
$1,400
Property Taxes
7%
$146
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237