This property looks like a bad Mid-Term investment with a projected -1.75% first-year return on $71,466 initial cash invested.
-1.75%
Cash On Cash
6.23%
Cap Rate
0.99
DSCR
$2,404
Rent
-$104
Cashflow
Cash Flow
$2,404 income − $2,508 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,466
Downpayment
20%
$50,920
Closing costs
1%
$2,546
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,404
Total Expenses
$2,508
Mortgage P&I
55%
$1,330
Property Taxes
11%
$271
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264