This property looks like a bad Mid-Term investment with a projected -3.02% first-year return on $71,550 initial cash invested.
-3.02%
Cash On Cash
5.9%
Cap Rate
0.94
DSCR
$2,469
Rent
-$180
Cashflow
Cash Flow
$2,469 income − $2,649 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,469
Total Expenses
$2,649
Mortgage P&I
54%
$1,334
Property Taxes
16%
$386
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272