This property looks like a bad Mid-Term investment with a projected -4.45% first-year return on $71,529 initial cash invested.
-4.45%
Cash On Cash
5.63%
Cap Rate
0.86
DSCR
$1,960
Rent
-$265
Cashflow
Cash Flow
$1,960 income − $2,225 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,529
Downpayment
20%
$50,980
Closing costs
1%
$2,549
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,960
Total Expenses
$2,225
Mortgage P&I
71%
$1,383
Property Taxes
4%
$87
Home Insurance
5%
$89
HOA
0%
$0
Property Management
12%
$235
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$216