This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $71,550 initial cash invested.
-0.12%
Cash On Cash
6.74%
Cap Rate
1.06
DSCR
$2,313
Rent
-$7
Cashflow
Cash Flow
$2,313 income − $2,320 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,313
Total Expenses
$2,320
Mortgage P&I
58%
$1,346
Property Taxes
4%
$94
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$254