This property looks like a bad Mid-Term investment with a projected -5.34% first-year return on $72,600 initial cash invested.
-5.34%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$2,313
Rent
-$323
Cashflow
Cash Flow
$2,313 income − $2,636 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,313
Total Expenses
$2,636
Mortgage P&I
62%
$1,434
Property Taxes
10%
$239
Home Insurance
4%
$91
HOA
4%
$85
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$254