This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $71,718 initial cash invested.
-4.69%
Cash On Cash
5.51%
Cap Rate
0.86
DSCR
$2,114
Rent
-$280
Cashflow
Cash Flow
$2,114 income − $2,394 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,718
Downpayment
20%
$51,160
Closing costs
1%
$2,558
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,114
Total Expenses
$2,394
Mortgage P&I
65%
$1,370
Property Taxes
10%
$216
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$63
Maintenance
4%
$85
Other
11%
$233