This property looks like a bad Mid-Term investment with a projected -5.08% first-year return on $73,671 initial cash invested.
-5.08%
Cash On Cash
5.02%
Cap Rate
0.83
DSCR
$2,085
Rent
-$312
Cashflow
Cash Flow
$2,085 income − $2,397 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,085
Total Expenses
$2,397
Mortgage P&I
64%
$1,339
Property Taxes
12%
$256
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$63
Maintenance
4%
$83
Other
11%
$229