This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $74,112 initial cash invested.
-5.94%
Cash On Cash
5.3%
Cap Rate
0.81
DSCR
$2,344
Rent
-$367
Cashflow
Cash Flow
$2,344 income − $2,711 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,112
Downpayment
20%
$53,440
Closing costs
1%
$2,672
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,344
Total Expenses
$2,711
Mortgage P&I
62%
$1,454
Property Taxes
18%
$432
Home Insurance
1%
$28
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258