This property looks like a bad Mid-Term investment with a projected -1.03% first-year return on $70,941 initial cash invested.
-1.03%
Cash On Cash
6.8%
Cap Rate
1.04
DSCR
$2,824
Rent
-$61
Cashflow
Cash Flow
$2,824 income − $2,885 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,941
Downpayment
20%
$50,420
Closing costs
1%
$2,521
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$2,885
Mortgage P&I
49%
$1,377
Property Taxes
14%
$387
Home Insurance
6%
$160
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311