This property looks like a bad Mid-Term investment with a projected -2.55% first-year return on $74,007 initial cash invested.
-2.55%
Cash On Cash
5.76%
Cap Rate
0.95
DSCR
$2,074
Rent
-$157
Cashflow
Cash Flow
$2,074 income − $2,231 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,007
Downpayment
20%
$53,340
Closing costs
1%
$2,667
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,074
Total Expenses
$2,231
Mortgage P&I
65%
$1,355
Property Taxes
0%
$5
Home Insurance
8%
$166
HOA
0%
$0
Property Management
12%
$249
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228