This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $72,747 initial cash invested.
-2.54%
Cash On Cash
6.28%
Cap Rate
0.96
DSCR
$2,542
Rent
-$154
Cashflow
Cash Flow
$2,542 income − $2,696 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,747
Downpayment
20%
$52,140
Closing costs
1%
$2,607
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,542
Total Expenses
$2,696
Mortgage P&I
56%
$1,417
Property Taxes
13%
$321
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280