This property looks like a bad Mid-Term investment with a projected -1.29% first-year return on $71,550 initial cash invested.
-1.29%
Cash On Cash
6.64%
Cap Rate
1.01
DSCR
$2,340
Rent
-$77
Cashflow
Cash Flow
$2,340 income − $2,417 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,340
Total Expenses
$2,417
Mortgage P&I
60%
$1,394
Property Taxes
6%
$138
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257