This property looks like a bad Mid-Term investment with a projected -9.3% first-year return on $74,091 initial cash invested.
-9.3%
Cash On Cash
4.34%
Cap Rate
0.66
DSCR
$1,814
Rent
-$574
Cashflow
Cash Flow
$1,814 income − $2,388 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,091
Downpayment
20%
$53,420
Closing costs
1%
$2,671
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,814
Total Expenses
$2,388
Mortgage P&I
81%
$1,468
Property Taxes
11%
$208
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$218
CapEx
4%
$73
Vacancy
3%
$54
Maintenance
4%
$73
Other
11%
$200