This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $74,280 initial cash invested.
-4.02%
Cash On Cash
5.59%
Cap Rate
0.89
DSCR
$2,400
Rent
-$249
Cashflow
Cash Flow
$2,400 income − $2,649 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,280
Downpayment
20%
$53,600
Closing costs
1%
$2,680
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$2,649
Mortgage P&I
58%
$1,401
Property Taxes
14%
$338
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264