This property looks like a bad Mid-Term investment with a projected -11.92% first-year return on $71,550 initial cash invested.
-11.92%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$1,803
Rent
-$711
Cashflow
Cash Flow
$1,803 income − $2,514 expenses = $711 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,803
Total Expenses
$2,514
Mortgage P&I
76%
$1,368
Property Taxes
22%
$405
Home Insurance
7%
$129
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198