This property looks like a bad Mid-Term investment with a projected -5.22% first-year return on $73,629 initial cash invested.
-5.22%
Cash On Cash
5.18%
Cap Rate
0.84
DSCR
$2,372
Rent
-$320
Cashflow
Cash Flow
$2,372 income − $2,692 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,372
Total Expenses
$2,692
Mortgage P&I
58%
$1,369
Property Taxes
18%
$423
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261