This property looks like a bad Mid-Term investment with a projected -3.71% first-year return on $73,146 initial cash invested.
-3.71%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$2,704
Rent
-$226
Cashflow
Cash Flow
$2,704 income − $2,930 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,146
Downpayment
20%
$52,520
Closing costs
1%
$2,626
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,704
Total Expenses
$2,930
Mortgage P&I
54%
$1,455
Property Taxes
17%
$469
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297