This property looks like a bad Mid-Term investment with a projected -10.31% first-year return on $70,290 initial cash invested.
-10.31%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$1,503
Rent
-$604
Cashflow
Cash Flow
$1,503 income − $2,107 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,503
Total Expenses
$2,107
Mortgage P&I
88%
$1,329
Property Taxes
12%
$181
Home Insurance
6%
$87
HOA
0%
$0
Property Management
12%
$180
CapEx
4%
$60
Vacancy
3%
$45
Maintenance
4%
$60
Other
11%
$165