This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $73,272 initial cash invested.
-3.24%
Cash On Cash
6.25%
Cap Rate
0.93
DSCR
$2,373
Rent
-$198
Cashflow
Cash Flow
$2,373 income − $2,571 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,272
Downpayment
20%
$52,640
Closing costs
1%
$2,632
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,373
Total Expenses
$2,571
Mortgage P&I
62%
$1,474
Property Taxes
8%
$199
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261