This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $72,663 initial cash invested.
-3.68%
Cash On Cash
6.09%
Cap Rate
0.91
DSCR
$2,289
Rent
-$223
Cashflow
Cash Flow
$2,289 income − $2,512 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,663
Downpayment
20%
$52,060
Closing costs
1%
$2,603
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,289
Total Expenses
$2,512
Mortgage P&I
63%
$1,452
Property Taxes
8%
$188
Home Insurance
4%
$92
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252