This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $71,550 initial cash invested.
-8.1%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$1,784
Rent
-$483
Cashflow
Cash Flow
$1,784 income − $2,267 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,784
Total Expenses
$2,267
Mortgage P&I
78%
$1,386
Property Taxes
10%
$186
Home Insurance
5%
$89
HOA
0%
$0
Property Management
12%
$214
CapEx
4%
$71
Vacancy
3%
$54
Maintenance
4%
$71
Other
11%
$196