This property looks like a bad Mid-Term investment with a projected -1.05% first-year return on $70,815 initial cash invested.
-1.05%
Cash On Cash
6.43%
Cap Rate
1.02
DSCR
$2,232
Rent
-$62
Cashflow
Cash Flow
$2,232 income − $2,294 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,815
Downpayment
20%
$50,300
Closing costs
1%
$2,515
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,232
Total Expenses
$2,294
Mortgage P&I
59%
$1,321
Property Taxes
6%
$125
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246