This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $72,579 initial cash invested.
-0.63%
Cash On Cash
6.92%
Cap Rate
1.05
DSCR
$2,685
Rent
-$38
Cashflow
Cash Flow
$2,685 income − $2,723 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,685
Total Expenses
$2,723
Mortgage P&I
53%
$1,430
Property Taxes
11%
$290
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295