This property looks like a bad Mid-Term investment with a projected -1.21% first-year return on $72,579 initial cash invested.
-1.21%
Cash On Cash
6.17%
Cap Rate
1.02
DSCR
$2,376
Rent
-$73
Cashflow
Cash Flow
$2,376 income − $2,449 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,376
Total Expenses
$2,449
Mortgage P&I
55%
$1,314
Property Taxes
10%
$234
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261