This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $72,600 initial cash invested.
-2.53%
Cash On Cash
6.28%
Cap Rate
0.96
DSCR
$2,482
Rent
-$153
Cashflow
Cash Flow
$2,482 income − $2,635 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,482
Total Expenses
$2,635
Mortgage P&I
57%
$1,415
Property Taxes
12%
$286
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273