This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $73,965 initial cash invested.
-2.26%
Cash On Cash
6.53%
Cap Rate
0.98
DSCR
$2,553
Rent
-$139
Cashflow
Cash Flow
$2,553 income − $2,692 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,965
Downpayment
20%
$53,300
Closing costs
1%
$2,665
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,553
Total Expenses
$2,692
Mortgage P&I
58%
$1,487
Property Taxes
3%
$86
Home Insurance
4%
$94
HOA
6%
$157
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281