This property looks like a bad Mid-Term investment with a projected -1.37% first-year return on $72,957 initial cash invested.
-1.37%
Cash On Cash
6.65%
Cap Rate
1.01
DSCR
$2,462
Rent
-$83
Cashflow
Cash Flow
$2,462 income − $2,545 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,957
Downpayment
20%
$52,340
Closing costs
1%
$2,617
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,462
Total Expenses
$2,545
Mortgage P&I
58%
$1,436
Property Taxes
7%
$180
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271