This property looks like a bad Mid-Term investment with a projected -9.32% first-year return on $73,020 initial cash invested.
-9.32%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$1,827
Rent
-$567
Cashflow
Cash Flow
$1,827 income − $2,394 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,020
Downpayment
20%
$52,400
Closing costs
1%
$2,620
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,827
Total Expenses
$2,394
Mortgage P&I
76%
$1,395
Property Taxes
16%
$284
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201