This property looks like a bad Mid-Term investment with a projected -1.06% first-year return on $71,550 initial cash invested.
-1.06%
Cash On Cash
6.94%
Cap Rate
1.04
DSCR
$2,836
Rent
-$63
Cashflow
Cash Flow
$2,836 income − $2,899 expenses = $63 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,836
Total Expenses
$2,899
Mortgage P&I
50%
$1,425
Property Taxes
15%
$417
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312