This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $72,600 initial cash invested.
-3.12%
Cash On Cash
6.15%
Cap Rate
0.93
DSCR
$2,218
Rent
-$189
Cashflow
Cash Flow
$2,218 income − $2,407 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,218
Total Expenses
$2,407
Mortgage P&I
65%
$1,432
Property Taxes
6%
$129
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244