This property looks like a bad Mid-Term investment with a projected -1.37% first-year return on $71,088 initial cash invested.
-1.37%
Cash On Cash
6.67%
Cap Rate
1.02
DSCR
$2,748
Rent
-$81
Cashflow
Cash Flow
$2,748 income − $2,829 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,088
Downpayment
20%
$50,560
Closing costs
1%
$2,528
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,748
Total Expenses
$2,829
Mortgage P&I
50%
$1,377
Property Taxes
15%
$400
Home Insurance
3%
$88
HOA
1%
$30
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302