This property looks like a bad Mid-Term investment with a projected -1.26% first-year return on $74,217 initial cash invested.
-1.26%
Cash On Cash
6.84%
Cap Rate
1.01
DSCR
$2,490
Rent
-$78
Cashflow
Cash Flow
$2,490 income − $2,568 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,217
Downpayment
20%
$53,540
Closing costs
1%
$2,677
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,490
Total Expenses
$2,568
Mortgage P&I
60%
$1,505
Property Taxes
5%
$121
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274