This property looks like a bad Mid-Term investment with a projected -9.63% first-year return on $74,259 initial cash invested.
-9.63%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$1,839
Rent
-$596
Cashflow
Cash Flow
$1,839 income − $2,435 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,259
Downpayment
20%
$53,580
Closing costs
1%
$2,679
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,839
Total Expenses
$2,435
Mortgage P&I
75%
$1,381
Property Taxes
18%
$330
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202