This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $72,138 initial cash invested.
-3.49%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$2,805
Rent
-$210
Cashflow
Cash Flow
$2,805 income − $3,015 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,138
Downpayment
20%
$51,560
Closing costs
1%
$2,578
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,805
Total Expenses
$3,015
Mortgage P&I
50%
$1,404
Property Taxes
20%
$555
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309