This property looks like a bad Mid-Term investment with a projected -1.04% first-year return on $72,579 initial cash invested.
-1.04%
Cash On Cash
6.99%
Cap Rate
1.04
DSCR
$3,180
Rent
-$63
Cashflow
Cash Flow
$3,180 income − $3,243 expenses = $63 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,180
Total Expenses
$3,243
Mortgage P&I
46%
$1,450
Property Taxes
18%
$571
Home Insurance
3%
$91
HOA
2%
$50
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350