This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $72,894 initial cash invested.
-3.19%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$2,284
Rent
-$194
Cashflow
Cash Flow
$2,284 income − $2,478 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,894
Downpayment
20%
$52,280
Closing costs
1%
$2,614
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,284
Total Expenses
$2,478
Mortgage P&I
63%
$1,432
Property Taxes
7%
$154
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$69
Maintenance
4%
$91
Other
11%
$251