This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $70,920 initial cash invested.
-0.63%
Cash On Cash
6.93%
Cap Rate
1.04
DSCR
$2,274
Rent
-$37
Cashflow
Cash Flow
$2,274 income − $2,311 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,920
Downpayment
20%
$50,400
Closing costs
1%
$2,520
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,274
Total Expenses
$2,311
Mortgage P&I
62%
$1,402
Property Taxes
2%
$43
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250