This property looks like a bad Mid-Term investment with a projected -8.99% first-year return on $73,671 initial cash invested.
-8.99%
Cash On Cash
4.02%
Cap Rate
0.65
DSCR
$1,785
Rent
-$552
Cashflow
Cash Flow
$1,785 income − $2,337 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,671
Downpayment
20%
$53,020
Closing costs
1%
$2,651
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,785
Total Expenses
$2,337
Mortgage P&I
77%
$1,370
Property Taxes
15%
$270
Home Insurance
5%
$91
HOA
0%
$0
Property Management
12%
$214
CapEx
4%
$71
Vacancy
3%
$54
Maintenance
4%
$71
Other
11%
$196