This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $73,650 initial cash invested.
-1.69%
Cash On Cash
6.63%
Cap Rate
0.99
DSCR
$2,318
Rent
-$104
Cashflow
Cash Flow
$2,318 income − $2,422 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,318
Total Expenses
$2,422
Mortgage P&I
64%
$1,476
Property Taxes
3%
$64
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255