This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $74,385 initial cash invested.
-3.57%
Cash On Cash
6.25%
Cap Rate
0.94
DSCR
$3,123
Rent
-$221
Cashflow
Cash Flow
$3,123 income − $3,344 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,385
Downpayment
20%
$53,700
Closing costs
1%
$2,685
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$3,344
Mortgage P&I
48%
$1,495
Property Taxes
20%
$613
Home Insurance
3%
$94
HOA
3%
$79
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344