This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $74,049 initial cash invested.
-3.27%
Cash On Cash
6.28%
Cap Rate
0.94
DSCR
$2,642
Rent
-$202
Cashflow
Cash Flow
$2,642 income − $2,844 expenses = $202 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,049
Downpayment
20%
$53,380
Closing costs
1%
$2,669
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,642
Total Expenses
$2,844
Mortgage P&I
57%
$1,493
Property Taxes
13%
$353
Home Insurance
4%
$99
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291