This property looks like a bad Mid-Term investment with a projected -0.94% first-year return on $72,390 initial cash invested.
-0.94%
Cash On Cash
6.95%
Cap Rate
1.03
DSCR
$2,576
Rent
-$57
Cashflow
Cash Flow
$2,576 income − $2,633 expenses = $57 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
$2,576
Total Expenses
$2,633
Mortgage P&I
56%
$1,454
Property Taxes
8%
$218
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283