This property looks like a bad Mid-Term investment with a projected -3% first-year return on $71,172 initial cash invested.
-3%
Cash On Cash
6.26%
Cap Rate
0.93
DSCR
$2,104
Rent
-$178
Cashflow
Cash Flow
$2,104 income − $2,282 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,172
Downpayment
20%
$50,640
Closing costs
1%
$2,532
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,104
Total Expenses
$2,282
Mortgage P&I
67%
$1,415
Property Taxes
3%
$62
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231