This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $72,579 initial cash invested.
-6.91%
Cash On Cash
4.84%
Cap Rate
0.75
DSCR
$1,754
Rent
-$418
Cashflow
Cash Flow
$1,754 income − $2,172 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,754
Total Expenses
$2,172
Mortgage P&I
80%
$1,396
Property Taxes
5%
$89
Home Insurance
5%
$91
HOA
0%
$0
Property Management
12%
$210
CapEx
4%
$70
Vacancy
3%
$53
Maintenance
4%
$70
Other
11%
$193