This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $71,214 initial cash invested.
-3.91%
Cash On Cash
5.77%
Cap Rate
0.91
DSCR
$2,658
Rent
-$232
Cashflow
Cash Flow
$2,658 income − $2,890 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,214
Downpayment
20%
$50,680
Closing costs
1%
$2,534
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,658
Total Expenses
$2,890
Mortgage P&I
51%
$1,344
Property Taxes
21%
$552
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292