This property looks like a bad Mid-Term investment with a projected -0.47% first-year return on $74,469 initial cash invested.
-0.47%
Cash On Cash
7.08%
Cap Rate
1.06
DSCR
$3,042
Rent
-$29
Cashflow
Cash Flow
$3,042 income − $3,071 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,469
Downpayment
20%
$53,780
Closing costs
1%
$2,689
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,042
Total Expenses
$3,071
Mortgage P&I
49%
$1,494
Property Taxes
15%
$446
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335