This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $72,600 initial cash invested.
-1.7%
Cash On Cash
6.52%
Cap Rate
0.99
DSCR
$2,280
Rent
-$103
Cashflow
Cash Flow
$2,280 income − $2,383 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,280
Total Expenses
$2,383
Mortgage P&I
62%
$1,424
Property Taxes
4%
$93
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251