This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $70,479 initial cash invested.
-5.07%
Cash On Cash
5.69%
Cap Rate
0.84
DSCR
$2,012
Rent
-$298
Cashflow
Cash Flow
$2,012 income − $2,310 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,012
Total Expenses
$2,310
Mortgage P&I
70%
$1,402
Property Taxes
7%
$138
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$241
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$221