This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $72,999 initial cash invested.
-1.76%
Cash On Cash
6.46%
Cap Rate
0.99
DSCR
$2,476
Rent
-$107
Cashflow
Cash Flow
$2,476 income − $2,583 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,999
Downpayment
20%
$52,380
Closing costs
1%
$2,619
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,476
Total Expenses
$2,583
Mortgage P&I
57%
$1,418
Property Taxes
9%
$219
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272