This property looks like a bad Mid-Term investment with a projected -6.38% first-year return on $71,340 initial cash invested.
-6.38%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$1,986
Rent
-$379
Cashflow
Cash Flow
$1,986 income − $2,365 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,340
Downpayment
20%
$50,800
Closing costs
1%
$2,540
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,986
Total Expenses
$2,365
Mortgage P&I
70%
$1,394
Property Taxes
10%
$204
Home Insurance
5%
$93
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$60
Maintenance
4%
$79
Other
11%
$218