This property looks like a bad Mid-Term investment with a projected -0.22% first-year return on $70,290 initial cash invested.
-0.22%
Cash On Cash
7.2%
Cap Rate
1.06
DSCR
$2,535
Rent
-$13
Cashflow
Cash Flow
$2,535 income − $2,548 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,535
Total Expenses
$2,548
Mortgage P&I
55%
$1,405
Property Taxes
8%
$195
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279