This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $72,201 initial cash invested.
-2.68%
Cash On Cash
6.31%
Cap Rate
0.95
DSCR
$2,358
Rent
-$161
Cashflow
Cash Flow
$2,358 income − $2,519 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,201
Downpayment
20%
$51,620
Closing costs
1%
$2,581
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,358
Total Expenses
$2,519
Mortgage P&I
60%
$1,424
Property Taxes
9%
$201
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259