This property looks like a bad Mid-Term investment with a projected -4.05% first-year return on $70,290 initial cash invested.
-4.05%
Cash On Cash
6.03%
Cap Rate
0.89
DSCR
$2,170
Rent
-$237
Cashflow
Cash Flow
$2,170 income − $2,407 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,170
Total Expenses
$2,407
Mortgage P&I
65%
$1,401
Property Taxes
8%
$181
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239