This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $73,608 initial cash invested.
-1.34%
Cash On Cash
6.34%
Cap Rate
1.01
DSCR
$2,409
Rent
-$82
Cashflow
Cash Flow
$2,409 income − $2,491 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,608
Downpayment
20%
$52,960
Closing costs
1%
$2,648
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,409
Total Expenses
$2,491
Mortgage P&I
58%
$1,386
Property Taxes
8%
$192
Home Insurance
4%
$95
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265