This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $70,332 initial cash invested.
-0.24%
Cash On Cash
6.98%
Cap Rate
1.06
DSCR
$2,484
Rent
-$14
Cashflow
Cash Flow
$2,484 income − $2,498 expenses = $14 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,332
Downpayment
20%
$49,840
Closing costs
1%
$2,492
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,484
Total Expenses
$2,498
Mortgage P&I
55%
$1,365
Property Taxes
7%
$175
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$273