This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $71,676 initial cash invested.
-2.16%
Cash On Cash
6.59%
Cap Rate
0.98
DSCR
$2,632
Rent
-$129
Cashflow
Cash Flow
$2,632 income − $2,761 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,676
Downpayment
20%
$51,120
Closing costs
1%
$2,556
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,632
Total Expenses
$2,761
Mortgage P&I
54%
$1,428
Property Taxes
13%
$347
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290