This property looks like a bad Mid-Term investment with a projected -1.35% first-year return on $73,650 initial cash invested.
-1.35%
Cash On Cash
6.68%
Cap Rate
1.02
DSCR
$2,952
Rent
-$83
Cashflow
Cash Flow
$2,952 income − $3,035 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$3,035
Mortgage P&I
49%
$1,440
Property Taxes
17%
$498
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325