This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $70,500 initial cash invested.
-4.03%
Cash On Cash
5.97%
Cap Rate
0.89
DSCR
$2,049
Rent
-$237
Cashflow
Cash Flow
$2,049 income − $2,286 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,049
Total Expenses
$2,286
Mortgage P&I
68%
$1,398
Property Taxes
5%
$104
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225