This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $73,629 initial cash invested.
-0.59%
Cash On Cash
6.89%
Cap Rate
1.05
DSCR
$2,552
Rent
-$36
Cashflow
Cash Flow
$2,552 income − $2,588 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,552
Total Expenses
$2,588
Mortgage P&I
57%
$1,454
Property Taxes
7%
$173
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281