This property looks like a bad Mid-Term investment with a projected -2.41% first-year return on $74,238 initial cash invested.
-2.41%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$2,504
Rent
-$149
Cashflow
Cash Flow
$2,504 income − $2,653 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,238
Downpayment
20%
$53,560
Closing costs
1%
$2,678
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,504
Total Expenses
$2,653
Mortgage P&I
58%
$1,460
Property Taxes
10%
$250
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275