This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $73,965 initial cash invested.
-3.7%
Cash On Cash
6.06%
Cap Rate
0.91
DSCR
$2,348
Rent
-$228
Cashflow
Cash Flow
$2,348 income − $2,576 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,965
Downpayment
20%
$53,300
Closing costs
1%
$2,665
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,348
Total Expenses
$2,576
Mortgage P&I
63%
$1,479
Property Taxes
9%
$203
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258