This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $71,844 initial cash invested.
-4.84%
Cash On Cash
5.6%
Cap Rate
0.86
DSCR
$2,284
Rent
-$290
Cashflow
Cash Flow
$2,284 income − $2,574 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,844
Downpayment
20%
$51,280
Closing costs
1%
$2,564
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,284
Total Expenses
$2,574
Mortgage P&I
61%
$1,396
Property Taxes
13%
$301
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$69
Maintenance
4%
$91
Other
11%
$251