This property looks like a bad Mid-Term investment with a projected -1.37% first-year return on $73,440 initial cash invested.
-1.37%
Cash On Cash
6.78%
Cap Rate
1.01
DSCR
$2,474
Rent
-$84
Cashflow
Cash Flow
$2,474 income − $2,558 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,440
Downpayment
20%
$52,800
Closing costs
1%
$2,640
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,474
Total Expenses
$2,558
Mortgage P&I
60%
$1,477
Property Taxes
6%
$148
Home Insurance
4%
$92
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272