This property looks like a bad Mid-Term investment with a projected -1.5% first-year return on $70,479 initial cash invested.
-1.5%
Cash On Cash
6.45%
Cap Rate
1
DSCR
$2,248
Rent
-$88
Cashflow
Cash Flow
$2,248 income − $2,336 expenses = $88 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,248
Total Expenses
$2,336
Mortgage P&I
60%
$1,342
Property Taxes
6%
$142
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247