This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $71,865 initial cash invested.
-2.91%
Cash On Cash
6.26%
Cap Rate
0.95
DSCR
$2,415
Rent
-$174
Cashflow
Cash Flow
$2,415 income − $2,589 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,865
Downpayment
20%
$51,300
Closing costs
1%
$2,565
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,415
Total Expenses
$2,589
Mortgage P&I
59%
$1,416
Property Taxes
11%
$260
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266