This property looks like a bad Mid-Term investment with a projected -3.72% first-year return on $72,579 initial cash invested.
-3.72%
Cash On Cash
5.73%
Cap Rate
0.9
DSCR
$2,229
Rent
-$225
Cashflow
Cash Flow
$2,229 income − $2,454 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,229
Total Expenses
$2,454
Mortgage P&I
62%
$1,377
Property Taxes
10%
$229
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245