This property looks like a bad Mid-Term investment with a projected -0.1% first-year return on $73,062 initial cash invested.
-0.1%
Cash On Cash
6.77%
Cap Rate
1.07
DSCR
$2,548
Rent
-$6
Cashflow
Cash Flow
$2,548 income − $2,554 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,062
Downpayment
20%
$52,440
Closing costs
1%
$2,622
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,548
Total Expenses
$2,554
Mortgage P&I
54%
$1,383
Property Taxes
8%
$211
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280