This property looks like a bad Mid-Term investment with a projected -1.19% first-year return on $72,390 initial cash invested.
-1.19%
Cash On Cash
6.87%
Cap Rate
1.02
DSCR
$2,478
Rent
-$72
Cashflow
Cash Flow
$2,478 income − $2,550 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,478
Total Expenses
$2,550
Mortgage P&I
59%
$1,456
Property Taxes
6%
$159
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273