This property looks like a bad Mid-Term investment with a projected -6.28% first-year return on $72,600 initial cash invested.
-6.28%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$2,158
Rent
-$380
Cashflow
Cash Flow
$2,158 income − $2,538 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,158
Total Expenses
$2,538
Mortgage P&I
67%
$1,443
Property Taxes
13%
$271
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237