This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $72,180 initial cash invested.
-4.79%
Cash On Cash
5.78%
Cap Rate
0.86
DSCR
$2,034
Rent
-$288
Cashflow
Cash Flow
$2,034 income − $2,322 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,180
Downpayment
20%
$51,600
Closing costs
1%
$2,580
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,034
Total Expenses
$2,322
Mortgage P&I
71%
$1,450
Property Taxes
4%
$91
Home Insurance
4%
$90
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224