This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $74,280 initial cash invested.
-2.18%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$2,499
Rent
-$135
Cashflow
Cash Flow
$2,499 income − $2,634 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,280
Downpayment
20%
$53,600
Closing costs
1%
$2,680
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,499
Total Expenses
$2,634
Mortgage P&I
59%
$1,467
Property Taxes
9%
$221
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275