This property looks like a bad Mid-Term investment with a projected -0.29% first-year return on $73,398 initial cash invested.
-0.29%
Cash On Cash
7.05%
Cap Rate
1.06
DSCR
$2,602
Rent
-$18
Cashflow
Cash Flow
$2,602 income − $2,620 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,398
Downpayment
20%
$52,760
Closing costs
1%
$2,638
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,602
Total Expenses
$2,620
Mortgage P&I
56%
$1,463
Property Taxes
8%
$207
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286