This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $72,390 initial cash invested.
-3.6%
Cash On Cash
5.57%
Cap Rate
0.9
DSCR
$2,146
Rent
-$217
Cashflow
Cash Flow
$2,146 income − $2,363 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,146
Total Expenses
$2,363
Mortgage P&I
62%
$1,334
Property Taxes
10%
$208
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$258
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$236