This property looks like a bad Mid-Term investment with a projected -5.44% first-year return on $73,419 initial cash invested.
-5.44%
Cash On Cash
4.95%
Cap Rate
0.81
DSCR
$1,797
Rent
-$333
Cashflow
Cash Flow
$1,797 income − $2,130 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,419
Downpayment
20%
$52,780
Closing costs
1%
$2,639
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,797
Total Expenses
$2,130
Mortgage P&I
75%
$1,349
Property Taxes
4%
$73
Home Insurance
5%
$96
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198