This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $73,734 initial cash invested.
-2.02%
Cash On Cash
6.61%
Cap Rate
0.99
DSCR
$2,792
Rent
-$124
Cashflow
Cash Flow
$2,792 income − $2,916 expenses = $124 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,734
Downpayment
20%
$53,080
Closing costs
1%
$2,654
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,792
Total Expenses
$2,916
Mortgage P&I
53%
$1,474
Property Taxes
11%
$298
Home Insurance
3%
$96
HOA
4%
$98
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307