This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $71,550 initial cash invested.
-2.7%
Cash On Cash
6.22%
Cap Rate
0.95
DSCR
$2,296
Rent
-$161
Cashflow
Cash Flow
$2,296 income − $2,457 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,296
Total Expenses
$2,457
Mortgage P&I
61%
$1,391
Property Taxes
8%
$195
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253