This property looks like a bad Mid-Term investment with a projected -5.7% first-year return on $72,579 initial cash invested.
-5.7%
Cash On Cash
5.04%
Cap Rate
0.81
DSCR
$2,330
Rent
-$345
Cashflow
Cash Flow
$2,330 income − $2,675 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,330
Total Expenses
$2,675
Mortgage P&I
58%
$1,343
Property Taxes
19%
$449
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256