This property looks like a bad Mid-Term investment with a projected -1.36% first-year return on $72,474 initial cash invested.
-1.36%
Cash On Cash
6.25%
Cap Rate
1.02
DSCR
$2,680
Rent
-$82
Cashflow
Cash Flow
$2,680 income − $2,762 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,474
Downpayment
20%
$51,880
Closing costs
1%
$2,594
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,680
Total Expenses
$2,762
Mortgage P&I
50%
$1,327
Property Taxes
9%
$244
Home Insurance
4%
$100
HOA
7%
$180
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295