This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $70,500 initial cash invested.
-6.43%
Cash On Cash
5.4%
Cap Rate
0.8
DSCR
$2,226
Rent
-$378
Cashflow
Cash Flow
$2,226 income − $2,604 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,226
Total Expenses
$2,604
Mortgage P&I
64%
$1,415
Property Taxes
15%
$344
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245