This property looks like a bad Mid-Term investment with a projected -2.25% first-year return on $72,579 initial cash invested.
-2.25%
Cash On Cash
6.38%
Cap Rate
0.97
DSCR
$2,482
Rent
-$136
Cashflow
Cash Flow
$2,482 income − $2,618 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,482
Total Expenses
$2,618
Mortgage P&I
57%
$1,418
Property Taxes
11%
$266
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273