This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $73,251 initial cash invested.
-2.16%
Cash On Cash
6.56%
Cap Rate
0.99
DSCR
$3,014
Rent
-$132
Cashflow
Cash Flow
$3,014 income − $3,146 expenses = $132 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,251
Downpayment
20%
$52,620
Closing costs
1%
$2,631
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$3,146
Mortgage P&I
48%
$1,450
Property Taxes
19%
$574
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332