This property looks like a bad Mid-Term investment with a projected -0.77% first-year return on $72,012 initial cash invested.
-0.77%
Cash On Cash
7.04%
Cap Rate
1.05
DSCR
$2,820
Rent
-$46
Cashflow
Cash Flow
$2,820 income − $2,866 expenses = $46 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,820
Total Expenses
$2,866
Mortgage P&I
51%
$1,442
Property Taxes
13%
$372
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310