This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $74,280 initial cash invested.
-7.14%
Cash On Cash
4.6%
Cap Rate
0.73
DSCR
$1,750
Rent
-$442
Cashflow
Cash Flow
$1,750 income − $2,192 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,280
Downpayment
20%
$53,600
Closing costs
1%
$2,680
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,750
Total Expenses
$2,192
Mortgage P&I
80%
$1,400
Property Taxes
6%
$104
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$210
CapEx
4%
$70
Vacancy
3%
$52
Maintenance
4%
$70
Other
11%
$192