This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $72,495 initial cash invested.
-7.22%
Cash On Cash
4.59%
Cap Rate
0.74
DSCR
$2,320
Rent
-$436
Cashflow
Cash Flow
$2,320 income − $2,756 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,495
Downpayment
20%
$51,900
Closing costs
1%
$2,595
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,320
Total Expenses
$2,756
Mortgage P&I
58%
$1,336
Property Taxes
21%
$498
Home Insurance
6%
$133
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255