This property looks like a bad Mid-Term investment with a projected -0.79% first-year return on $72,600 initial cash invested.
-0.79%
Cash On Cash
6.85%
Cap Rate
1.03
DSCR
$2,436
Rent
-$48
Cashflow
Cash Flow
$2,436 income − $2,484 expenses = $48 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,436
Total Expenses
$2,484
Mortgage P&I
59%
$1,436
Property Taxes
5%
$130
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268