This property looks like a bad Mid-Term investment with a projected -6.74% first-year return on $73,125 initial cash invested.
-6.74%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$2,102
Rent
-$411
Cashflow
Cash Flow
$2,102 income − $2,513 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,125
Downpayment
20%
$52,500
Closing costs
1%
$2,625
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,102
Total Expenses
$2,513
Mortgage P&I
68%
$1,426
Property Taxes
13%
$281
Home Insurance
4%
$92
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231