This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $73,167 initial cash invested.
-2.57%
Cash On Cash
6.4%
Cap Rate
0.96
DSCR
$2,352
Rent
-$157
Cashflow
Cash Flow
$2,352 income − $2,509 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,167
Downpayment
20%
$52,540
Closing costs
1%
$2,627
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,352
Total Expenses
$2,509
Mortgage P&I
62%
$1,463
Property Taxes
7%
$153
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259