This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $70,290 initial cash invested.
-2.08%
Cash On Cash
6.68%
Cap Rate
0.99
DSCR
$2,850
Rent
-$122
Cashflow
Cash Flow
$2,850 income − $2,972 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,850
Total Expenses
$2,972
Mortgage P&I
49%
$1,394
Property Taxes
18%
$502
Home Insurance
3%
$87
HOA
1%
$19
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314