This property looks like a bad Mid-Term investment with a projected -5.69% first-year return on $72,579 initial cash invested.
-5.69%
Cash On Cash
5.5%
Cap Rate
0.82
DSCR
$2,202
Rent
-$344
Cashflow
Cash Flow
$2,202 income − $2,546 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,202
Total Expenses
$2,546
Mortgage P&I
66%
$1,447
Property Taxes
12%
$260
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242