This property looks like a bad Mid-Term investment with a projected -3.71% first-year return on $73,650 initial cash invested.
-3.71%
Cash On Cash
5.98%
Cap Rate
0.9
DSCR
$2,121
Rent
-$228
Cashflow
Cash Flow
$2,121 income − $2,349 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,121
Total Expenses
$2,349
Mortgage P&I
69%
$1,464
Property Taxes
3%
$70
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233