This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $72,595 initial cash invested.
-1.34%
Cash On Cash
6.57%
Cap Rate
1.01
DSCR
$2,272
Rent
-$81
Cashflow
Cash Flow
$2,272 income − $2,353 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,595
Downpayment
20%
$51,995
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,272
Total Expenses
$2,353
Mortgage P&I
62%
$1,414
Property Taxes
3%
$75
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250