This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $72,621 initial cash invested.
-5.07%
Cash On Cash
5.59%
Cap Rate
0.84
DSCR
$1,988
Rent
-$307
Cashflow
Cash Flow
$1,988 income − $2,295 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,621
Downpayment
20%
$52,020
Closing costs
1%
$2,601
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,988
Total Expenses
$2,295
Mortgage P&I
72%
$1,438
Property Taxes
4%
$86
Home Insurance
5%
$93
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219