This property looks like a bad Mid-Term investment with a projected -2.29% first-year return on $72,684 initial cash invested.
-2.29%
Cash On Cash
6.41%
Cap Rate
0.97
DSCR
$2,308
Rent
-$139
Cashflow
Cash Flow
$2,308 income − $2,447 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,684
Downpayment
20%
$52,080
Closing costs
1%
$2,604
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,308
Total Expenses
$2,447
Mortgage P&I
62%
$1,439
Property Taxes
10%
$222
Home Insurance
0%
$2
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254