This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $73,776 initial cash invested.
-3.09%
Cash On Cash
6%
Cap Rate
0.94
DSCR
$2,672
Rent
-$190
Cashflow
Cash Flow
$2,672 income − $2,862 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,776
Downpayment
20%
$53,120
Closing costs
1%
$2,656
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$2,862
Mortgage P&I
53%
$1,412
Property Taxes
16%
$436
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294