This property looks like a bad Mid-Term investment with a projected -1.79% first-year return on $72,516 initial cash invested.
-1.79%
Cash On Cash
6.28%
Cap Rate
0.99
DSCR
$2,274
Rent
-$108
Cashflow
Cash Flow
$2,274 income − $2,382 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,516
Downpayment
20%
$51,920
Closing costs
1%
$2,596
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,274
Total Expenses
$2,382
Mortgage P&I
61%
$1,376
Property Taxes
6%
$139
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250