This property looks like a bad Mid-Term investment with a projected 0% first-year return on $73,020 initial cash invested.
0%
Cash On Cash
7.21%
Cap Rate
1.08
DSCR
$2,990
Rent
$0
Cashflow
Cash Flow
$2,990 income − $2,990 expenses = $0 cash flow
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,020
Downpayment
20%
$52,400
Closing costs
1%
$2,620
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$2,990
Mortgage P&I
49%
$1,455
Property Taxes
14%
$425
Home Insurance
3%
$92
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329