This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $72,453 initial cash invested.
-1.94%
Cash On Cash
6.09%
Cap Rate
0.99
DSCR
$2,416
Rent
-$117
Cashflow
Cash Flow
$2,416 income − $2,533 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,453
Downpayment
20%
$51,860
Closing costs
1%
$2,593
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,416
Total Expenses
$2,533
Mortgage P&I
55%
$1,337
Property Taxes
11%
$271
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266