This property looks like a bad Mid-Term investment with a projected -2.85% first-year return on $74,490 initial cash invested.
-2.85%
Cash On Cash
5.73%
Cap Rate
0.93
DSCR
$2,024
Rent
-$177
Cashflow
Cash Flow
$2,024 income − $2,201 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,024
Total Expenses
$2,201
Mortgage P&I
68%
$1,381
Property Taxes
2%
$33
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$243
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223