This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $72,327 initial cash invested.
-4.15%
Cash On Cash
6.02%
Cap Rate
0.89
DSCR
$2,124
Rent
-$250
Cashflow
Cash Flow
$2,124 income − $2,374 expenses = $250 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,327
Downpayment
20%
$51,740
Closing costs
1%
$2,587
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,124
Total Expenses
$2,374
Mortgage P&I
69%
$1,462
Property Taxes
5%
$105
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234