This property looks like a bad Mid-Term investment with a projected -0.42% first-year return on $71,445 initial cash invested.
-0.42%
Cash On Cash
6.9%
Cap Rate
1.05
DSCR
$2,466
Rent
-$25
Cashflow
Cash Flow
$2,466 income − $2,491 expenses = $25 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
$2,466
Total Expenses
$2,491
Mortgage P&I
56%
$1,389
Property Taxes
7%
$175
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271