This property looks like a bad Mid-Term investment with a projected -2.89% first-year return on $73,461 initial cash invested.
-2.89%
Cash On Cash
6.37%
Cap Rate
0.95
DSCR
$2,620
Rent
-$177
Cashflow
Cash Flow
$2,620 income − $2,797 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,461
Downpayment
20%
$52,820
Closing costs
1%
$2,641
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$2,797
Mortgage P&I
56%
$1,474
Property Taxes
13%
$338
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288