This property looks like a bad Mid-Term investment with a projected -7.25% first-year return on $72,957 initial cash invested.
-7.25%
Cash On Cash
4.49%
Cap Rate
0.73
DSCR
$1,893
Rent
-$441
Cashflow
Cash Flow
$1,893 income − $2,334 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,957
Downpayment
20%
$52,340
Closing costs
1%
$2,617
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,893
Total Expenses
$2,334
Mortgage P&I
71%
$1,344
Property Taxes
9%
$170
Home Insurance
5%
$94
HOA
4%
$82
Property Management
12%
$227
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$208