This property looks like a bad Mid-Term investment with a projected -1.97% first-year return on $72,390 initial cash invested.
-1.97%
Cash On Cash
6.54%
Cap Rate
0.99
DSCR
$2,546
Rent
-$119
Cashflow
Cash Flow
$2,546 income − $2,665 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,546
Total Expenses
$2,665
Mortgage P&I
56%
$1,428
Property Taxes
11%
$280
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280