This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $72,579 initial cash invested.
-1.95%
Cash On Cash
6.14%
Cap Rate
0.99
DSCR
$2,440
Rent
-$118
Cashflow
Cash Flow
$2,440 income − $2,558 expenses = $118 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,440
Total Expenses
$2,558
Mortgage P&I
55%
$1,349
Property Taxes
12%
$288
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268