This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $70,878 initial cash invested.
-2.76%
Cash On Cash
5.7%
Cap Rate
0.94
DSCR
$2,006
Rent
-$163
Cashflow
Cash Flow
$2,006 income − $2,169 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,878
Downpayment
20%
$50,360
Closing costs
1%
$2,518
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,006
Total Expenses
$2,169
Mortgage P&I
64%
$1,279
Property Taxes
6%
$119
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$241
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$221