This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $73,629 initial cash invested.
-2.3%
Cash On Cash
6.54%
Cap Rate
0.98
DSCR
$2,696
Rent
-$141
Cashflow
Cash Flow
$2,696 income − $2,837 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,696
Total Expenses
$2,837
Mortgage P&I
55%
$1,477
Property Taxes
13%
$349
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297