This property looks like a bad Mid-Term investment with a projected -3.44% first-year return on $72,621 initial cash invested.
-3.44%
Cash On Cash
6%
Cap Rate
0.93
DSCR
$2,616
Rent
-$208
Cashflow
Cash Flow
$2,616 income − $2,824 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,621
Downpayment
20%
$52,020
Closing costs
1%
$2,601
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,616
Total Expenses
$2,824
Mortgage P&I
54%
$1,403
Property Taxes
17%
$445
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$288