This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $73,083 initial cash invested.
-4.12%
Cash On Cash
6%
Cap Rate
0.89
DSCR
$2,139
Rent
-$251
Cashflow
Cash Flow
$2,139 income − $2,390 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,083
Downpayment
20%
$52,460
Closing costs
1%
$2,623
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,139
Total Expenses
$2,390
Mortgage P&I
69%
$1,476
Property Taxes
4%
$92
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$235