This property looks like a bad Mid-Term investment with a projected -0.41% first-year return on $70,500 initial cash invested.
-0.41%
Cash On Cash
7.11%
Cap Rate
1.05
DSCR
$2,412
Rent
-$24
Cashflow
Cash Flow
$2,412 income − $2,436 expenses = $24 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,412
Total Expenses
$2,436
Mortgage P&I
58%
$1,409
Property Taxes
5%
$121
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265