This property looks like a bad Mid-Term investment with a projected -1.28% first-year return on $71,445 initial cash invested.
-1.28%
Cash On Cash
6.73%
Cap Rate
1.03
DSCR
$2,782
Rent
-$76
Cashflow
Cash Flow
$2,782 income − $2,858 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,445
Downpayment
20%
$50,900
Closing costs
1%
$2,545
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,782
Total Expenses
$2,858
Mortgage P&I
50%
$1,392
Property Taxes
13%
$357
Home Insurance
3%
$89
HOA
3%
$75
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306