This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $71,256 initial cash invested.
-2.05%
Cash On Cash
6.55%
Cap Rate
0.99
DSCR
$2,600
Rent
-$122
Cashflow
Cash Flow
$2,600 income − $2,722 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,256
Downpayment
20%
$50,720
Closing costs
1%
$2,536
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,600
Total Expenses
$2,722
Mortgage P&I
54%
$1,403
Property Taxes
13%
$349
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286