This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $72,180 initial cash invested.
-1.4%
Cash On Cash
6.41%
Cap Rate
1.01
DSCR
$2,312
Rent
-$84
Cashflow
Cash Flow
$2,312 income − $2,396 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,180
Downpayment
20%
$51,600
Closing costs
1%
$2,580
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,312
Total Expenses
$2,396
Mortgage P&I
59%
$1,371
Property Taxes
7%
$151
Home Insurance
4%
$90
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254