This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $70,836 initial cash invested.
-1.2%
Cash On Cash
6.19%
Cap Rate
1.01
DSCR
$2,188
Rent
-$71
Cashflow
Cash Flow
$2,188 income − $2,259 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,836
Downpayment
20%
$50,320
Closing costs
1%
$2,516
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,188
Total Expenses
$2,259
Mortgage P&I
59%
$1,281
Property Taxes
6%
$139
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241