This property looks like a bad Mid-Term investment with a projected -0.68% first-year return on $72,285 initial cash invested.
-0.68%
Cash On Cash
6.56%
Cap Rate
1.04
DSCR
$2,314
Rent
-$41
Cashflow
Cash Flow
$2,314 income − $2,355 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,285
Downpayment
20%
$51,700
Closing costs
1%
$2,585
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,314
Total Expenses
$2,355
Mortgage P&I
59%
$1,362
Property Taxes
2%
$52
Home Insurance
4%
$93
HOA
3%
$60
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$255