This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $72,453 initial cash invested.
-4.12%
Cash On Cash
6.02%
Cap Rate
0.9
DSCR
$2,510
Rent
-$249
Cashflow
Cash Flow
$2,510 income − $2,759 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,453
Downpayment
20%
$51,860
Closing costs
1%
$2,593
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,510
Total Expenses
$2,759
Mortgage P&I
58%
$1,449
Property Taxes
15%
$372
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276