This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $74,532 initial cash invested.
-2.98%
Cash On Cash
6.26%
Cap Rate
0.95
DSCR
$2,802
Rent
-$185
Cashflow
Cash Flow
$2,802 income − $2,987 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,532
Downpayment
20%
$53,840
Closing costs
1%
$2,692
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,802
Total Expenses
$2,987
Mortgage P&I
53%
$1,478
Property Taxes
18%
$491
Home Insurance
2%
$66
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308