This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $73,860 initial cash invested.
-7.52%
Cash On Cash
5.03%
Cap Rate
0.75
DSCR
$2,260
Rent
-$463
Cashflow
Cash Flow
$2,260 income − $2,723 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,860
Downpayment
20%
$53,200
Closing costs
1%
$2,660
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,260
Total Expenses
$2,723
Mortgage P&I
66%
$1,488
Property Taxes
16%
$369
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$249