This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $73,902 initial cash invested.
-4.32%
Cash On Cash
5.41%
Cap Rate
0.88
DSCR
$2,391
Rent
-$266
Cashflow
Cash Flow
$2,391 income − $2,657 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,902
Downpayment
20%
$53,240
Closing costs
1%
$2,662
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,391
Total Expenses
$2,657
Mortgage P&I
57%
$1,371
Property Taxes
16%
$376
Home Insurance
4%
$96
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263