This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $72,432 initial cash invested.
-5.62%
Cash On Cash
5.45%
Cap Rate
0.83
DSCR
$2,350
Rent
-$339
Cashflow
Cash Flow
$2,350 income − $2,689 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,432
Downpayment
20%
$51,840
Closing costs
1%
$2,592
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,350
Total Expenses
$2,689
Mortgage P&I
61%
$1,423
Property Taxes
17%
$393
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258