This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $73,461 initial cash invested.
-6.21%
Cash On Cash
5.31%
Cap Rate
0.81
DSCR
$2,604
Rent
-$380
Cashflow
Cash Flow
$2,604 income − $2,984 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,461
Downpayment
20%
$52,820
Closing costs
1%
$2,641
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,604
Total Expenses
$2,984
Mortgage P&I
55%
$1,445
Property Taxes
22%
$563
Home Insurance
4%
$92
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286