This property looks like a bad Mid-Term investment with a projected -1.6% first-year return on $71,319 initial cash invested.
-1.6%
Cash On Cash
6.49%
Cap Rate
1
DSCR
$2,304
Rent
-$95
Cashflow
Cash Flow
$2,304 income − $2,399 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,319
Downpayment
20%
$50,780
Closing costs
1%
$2,539
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,304
Total Expenses
$2,399
Mortgage P&I
60%
$1,377
Property Taxes
7%
$160
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253