This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $71,025 initial cash invested.
-1.69%
Cash On Cash
6.59%
Cap Rate
0.99
DSCR
$2,304
Rent
-$100
Cashflow
Cash Flow
$2,304 income − $2,404 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,025
Downpayment
20%
$50,500
Closing costs
1%
$2,525
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,304
Total Expenses
$2,404
Mortgage P&I
61%
$1,395
Property Taxes
6%
$133
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253