This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $74,196 initial cash invested.
-4.19%
Cash On Cash
5.77%
Cap Rate
0.89
DSCR
$2,306
Rent
-$259
Cashflow
Cash Flow
$2,306 income − $2,565 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,196
Downpayment
20%
$53,520
Closing costs
1%
$2,676
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,306
Total Expenses
$2,565
Mortgage P&I
63%
$1,453
Property Taxes
10%
$234
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254