This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $72,600 initial cash invested.
-4.69%
Cash On Cash
5.63%
Cap Rate
0.86
DSCR
$1,984
Rent
-$284
Cashflow
Cash Flow
$1,984 income − $2,268 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,984
Total Expenses
$2,268
Mortgage P&I
72%
$1,424
Property Taxes
4%
$79
Home Insurance
5%
$91
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$60
Maintenance
4%
$79
Other
11%
$218