This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $73,629 initial cash invested.
-7.12%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$1,688
Rent
-$437
Cashflow
Cash Flow
$1,688 income − $2,125 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,688
Total Expenses
$2,125
Mortgage P&I
85%
$1,440
Property Taxes
1%
$16
Home Insurance
6%
$93
HOA
0%
$0
Property Management
12%
$203
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$186