This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $71,550 initial cash invested.
-4.51%
Cash On Cash
5.8%
Cap Rate
0.87
DSCR
$2,022
Rent
-$269
Cashflow
Cash Flow
$2,022 income − $2,291 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,022
Total Expenses
$2,291
Mortgage P&I
70%
$1,421
Property Taxes
5%
$93
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$243
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$222