This property looks like a bad Mid-Term investment with a projected -0.44% first-year return on $71,571 initial cash invested.
-0.44%
Cash On Cash
6.75%
Cap Rate
1.05
DSCR
$2,499
Rent
-$26
Cashflow
Cash Flow
$2,499 income − $2,525 expenses = $26 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,571
Downpayment
20%
$51,020
Closing costs
1%
$2,551
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,499
Total Expenses
$2,525
Mortgage P&I
55%
$1,362
Property Taxes
8%
$208
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275