This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $71,907 initial cash invested.
-2.64%
Cash On Cash
6.15%
Cap Rate
0.95
DSCR
$2,088
Rent
-$158
Cashflow
Cash Flow
$2,088 income − $2,246 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,907
Downpayment
20%
$51,340
Closing costs
1%
$2,567
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,088
Total Expenses
$2,246
Mortgage P&I
67%
$1,390
Property Taxes
2%
$50
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$251
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$230