This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $73,041 initial cash invested.
-4.35%
Cash On Cash
5.96%
Cap Rate
0.89
DSCR
$2,409
Rent
-$265
Cashflow
Cash Flow
$2,409 income − $2,674 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,041
Downpayment
20%
$52,420
Closing costs
1%
$2,621
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,409
Total Expenses
$2,674
Mortgage P&I
61%
$1,470
Property Taxes
11%
$272
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265