This property looks like a bad Mid-Term investment with a projected -5.6% first-year return on $72,390 initial cash invested.
-5.6%
Cash On Cash
5.52%
Cap Rate
0.83
DSCR
$2,355
Rent
-$338
Cashflow
Cash Flow
$2,355 income − $2,693 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,355
Total Expenses
$2,693
Mortgage P&I
61%
$1,436
Property Taxes
16%
$365
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259