This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $70,605 initial cash invested.
-0.87%
Cash On Cash
6.85%
Cap Rate
1.04
DSCR
$2,520
Rent
-$51
Cashflow
Cash Flow
$2,520 income − $2,571 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$251k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,605
Downpayment
20%
$50,100
Closing costs
1%
$2,505
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,520
Total Expenses
$2,571
Mortgage P&I
55%
$1,379
Property Taxes
10%
$245
Home Insurance
4%
$90
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277