This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $72,012 initial cash invested.
-0.12%
Cash On Cash
6.79%
Cap Rate
1.06
DSCR
$2,334
Rent
-$7
Cashflow
Cash Flow
$2,334 income − $2,341 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,012
Downpayment
20%
$51,440
Closing costs
1%
$2,572
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,334
Total Expenses
$2,341
Mortgage P&I
59%
$1,369
Property Taxes
4%
$85
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257