This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $72,579 initial cash invested.
-4.65%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$2,306
Rent
-$281
Cashflow
Cash Flow
$2,306 income − $2,587 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,306
Total Expenses
$2,587
Mortgage P&I
62%
$1,425
Property Taxes
12%
$287
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254