This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $71,928 initial cash invested.
-1.82%
Cash On Cash
6.08%
Cap Rate
0.99
DSCR
$2,428
Rent
-$109
Cashflow
Cash Flow
$2,428 income − $2,537 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,928
Downpayment
20%
$51,360
Closing costs
1%
$2,568
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,428
Total Expenses
$2,537
Mortgage P&I
54%
$1,313
Property Taxes
12%
$291
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267