This property looks like a bad Mid-Term investment with a projected -2.71% first-year return on $74,490 initial cash invested.
-2.71%
Cash On Cash
6.03%
Cap Rate
0.94
DSCR
$2,200
Rent
-$168
Cashflow
Cash Flow
$2,200 income − $2,368 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,200
Total Expenses
$2,368
Mortgage P&I
65%
$1,431
Property Taxes
4%
$95
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242