This property looks like a bad Mid-Term investment with a projected -1.85% first-year return on $73,377 initial cash invested.
-1.85%
Cash On Cash
6.46%
Cap Rate
0.99
DSCR
$2,576
Rent
-$113
Cashflow
Cash Flow
$2,576 income − $2,689 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,377
Downpayment
20%
$52,740
Closing costs
1%
$2,637
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,576
Total Expenses
$2,689
Mortgage P&I
56%
$1,430
Property Taxes
10%
$258
Home Insurance
4%
$93
HOA
1%
$33
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283