This property looks like a bad Mid-Term investment with a projected -5.93% first-year return on $72,390 initial cash invested.
-5.93%
Cash On Cash
5.37%
Cap Rate
0.81
DSCR
$2,302
Rent
-$358
Cashflow
Cash Flow
$2,302 income − $2,660 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,302
Total Expenses
$2,660
Mortgage P&I
62%
$1,425
Property Taxes
16%
$362
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253