This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $74,490 initial cash invested.
-1.34%
Cash On Cash
6.17%
Cap Rate
1.01
DSCR
$2,368
Rent
-$83
Cashflow
Cash Flow
$2,368 income − $2,451 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,368
Total Expenses
$2,451
Mortgage P&I
58%
$1,370
Property Taxes
8%
$182
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260