This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $72,033 initial cash invested.
-1.95%
Cash On Cash
6.69%
Cap Rate
1
DSCR
$2,961
Rent
-$117
Cashflow
Cash Flow
$2,961 income − $3,078 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,033
Downpayment
20%
$51,460
Closing costs
1%
$2,573
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,961
Total Expenses
$3,078
Mortgage P&I
48%
$1,433
Property Taxes
19%
$548
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326