This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $72,285 initial cash invested.
-3.67%
Cash On Cash
6.13%
Cap Rate
0.91
DSCR
$2,166
Rent
-$221
Cashflow
Cash Flow
$2,166 income − $2,387 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,166
Total Expenses
$2,387
Mortgage P&I
67%
$1,454
Property Taxes
5%
$102
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238