This property looks like a bad Mid-Term investment with a projected -4.1% first-year return on $73,986 initial cash invested.
-4.1%
Cash On Cash
6.05%
Cap Rate
0.9
DSCR
$2,438
Rent
-$253
Cashflow
Cash Flow
$2,438 income − $2,691 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,986
Downpayment
20%
$53,320
Closing costs
1%
$2,666
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,438
Total Expenses
$2,691
Mortgage P&I
61%
$1,499
Property Taxes
11%
$266
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268