This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $71,445 initial cash invested.
-7.07%
Cash On Cash
5.13%
Cap Rate
0.76
DSCR
$1,828
Rent
-$421
Cashflow
Cash Flow
$1,828 income − $2,249 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,445
Downpayment
20%
$50,900
Closing costs
1%
$2,545
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,828
Total Expenses
$2,249
Mortgage P&I
79%
$1,436
Property Taxes
6%
$101
Home Insurance
5%
$91
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201