This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $73,755 initial cash invested.
-5.21%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$2,364
Rent
-$320
Cashflow
Cash Flow
$2,364 income − $2,684 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,755
Downpayment
20%
$53,100
Closing costs
1%
$2,655
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,364
Total Expenses
$2,684
Mortgage P&I
62%
$1,455
Property Taxes
14%
$330
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260