This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $71,550 initial cash invested.
-0.4%
Cash On Cash
7.11%
Cap Rate
1.07
DSCR
$2,973
Rent
-$24
Cashflow
Cash Flow
$2,973 income − $2,997 expenses = $24 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,973
Total Expenses
$2,997
Mortgage P&I
48%
$1,415
Property Taxes
16%
$463
Home Insurance
3%
$89
HOA
1%
$19
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327