This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $73,650 initial cash invested.
-4.02%
Cash On Cash
5.43%
Cap Rate
0.88
DSCR
$1,900
Rent
-$247
Cashflow
Cash Flow
$1,900 income − $2,147 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,900
Total Expenses
$2,147
Mortgage P&I
72%
$1,370
Property Taxes
2%
$38
Home Insurance
5%
$93
HOA
0%
$0
Property Management
12%
$228
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$209