This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $73,020 initial cash invested.
-2.09%
Cash On Cash
6.51%
Cap Rate
0.98
DSCR
$2,349
Rent
-$127
Cashflow
Cash Flow
$2,349 income − $2,476 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,020
Downpayment
20%
$52,400
Closing costs
1%
$2,620
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,349
Total Expenses
$2,476
Mortgage P&I
62%
$1,454
Property Taxes
6%
$132
Home Insurance
4%
$92
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258