This property looks like a bad Mid-Term investment with a projected -0.68% first-year return on $72,600 initial cash invested.
-0.68%
Cash On Cash
6.78%
Cap Rate
1.04
DSCR
$2,526
Rent
-$41
Cashflow
Cash Flow
$2,526 income − $2,567 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,526
Total Expenses
$2,567
Mortgage P&I
56%
$1,410
Property Taxes
6%
$160
Home Insurance
3%
$88
HOA
2%
$50
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278