This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $73,650 initial cash invested.
-0.95%
Cash On Cash
7.06%
Cap Rate
1.03
DSCR
$2,708
Rent
-$58
Cashflow
Cash Flow
$2,708 income − $2,766 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,708
Total Expenses
$2,766
Mortgage P&I
56%
$1,508
Property Taxes
9%
$245
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298