This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $71,760 initial cash invested.
-2.61%
Cash On Cash
6.29%
Cap Rate
0.95
DSCR
$2,270
Rent
-$156
Cashflow
Cash Flow
$2,270 income − $2,426 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,760
Downpayment
20%
$51,200
Closing costs
1%
$2,560
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,270
Total Expenses
$2,426
Mortgage P&I
62%
$1,406
Property Taxes
7%
$154
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250