This property looks like a bad Mid-Term investment with a projected -5.55% first-year return on $72,390 initial cash invested.
-5.55%
Cash On Cash
5.54%
Cap Rate
0.83
DSCR
$2,187
Rent
-$335
Cashflow
Cash Flow
$2,187 income − $2,522 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,187
Total Expenses
$2,522
Mortgage P&I
66%
$1,443
Property Taxes
11%
$245
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$241