This property looks like a bad Mid-Term investment with a projected -2.24% first-year return on $72,789 initial cash invested.
-2.24%
Cash On Cash
6.57%
Cap Rate
0.99
DSCR
$3,051
Rent
-$136
Cashflow
Cash Flow
$3,051 income − $3,187 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,789
Downpayment
20%
$52,180
Closing costs
1%
$2,609
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,051
Total Expenses
$3,187
Mortgage P&I
47%
$1,443
Property Taxes
20%
$613
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336