This property looks like a bad Mid-Term investment with a projected -1.79% first-year return on $72,579 initial cash invested.
-1.79%
Cash On Cash
6.61%
Cap Rate
0.99
DSCR
$2,397
Rent
-$108
Cashflow
Cash Flow
$2,397 income − $2,505 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,397
Total Expenses
$2,505
Mortgage P&I
60%
$1,444
Property Taxes
6%
$151
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264