This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $73,041 initial cash invested.
-7.36%
Cash On Cash
5.04%
Cap Rate
0.75
DSCR
$2,138
Rent
-$448
Cashflow
Cash Flow
$2,138 income − $2,586 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,041
Downpayment
20%
$52,420
Closing costs
1%
$2,621
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,138
Total Expenses
$2,586
Mortgage P&I
68%
$1,462
Property Taxes
14%
$302
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$235