This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $74,343 initial cash invested.
-0.87%
Cash On Cash
7.05%
Cap Rate
1.04
DSCR
$3,003
Rent
-$54
Cashflow
Cash Flow
$3,003 income − $3,057 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,343
Downpayment
20%
$53,660
Closing costs
1%
$2,683
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,003
Total Expenses
$3,057
Mortgage P&I
50%
$1,511
Property Taxes
15%
$446
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330