This property looks like a bad Mid-Term investment with a projected -2.35% first-year return on $73,965 initial cash invested.
-2.35%
Cash On Cash
6.34%
Cap Rate
0.97
DSCR
$2,612
Rent
-$145
Cashflow
Cash Flow
$2,612 income − $2,757 expenses = $145 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,965
Downpayment
20%
$53,300
Closing costs
1%
$2,665
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,612
Total Expenses
$2,757
Mortgage P&I
56%
$1,450
Property Taxes
13%
$327
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287