This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $71,676 initial cash invested.
-4.32%
Cash On Cash
5.73%
Cap Rate
0.88
DSCR
$2,198
Rent
-$258
Cashflow
Cash Flow
$2,198 income − $2,456 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,676
Downpayment
20%
$51,120
Closing costs
1%
$2,556
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,198
Total Expenses
$2,456
Mortgage P&I
63%
$1,390
Property Taxes
10%
$230
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242