This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $71,634 initial cash invested.
-1.11%
Cash On Cash
6.83%
Cap Rate
1.02
DSCR
$2,402
Rent
-$66
Cashflow
Cash Flow
$2,402 income − $2,468 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,634
Downpayment
20%
$51,080
Closing costs
1%
$2,554
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,402
Total Expenses
$2,468
Mortgage P&I
59%
$1,423
Property Taxes
6%
$138
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264