This property looks like a bad Mid-Term investment with a projected -4.61% first-year return on $70,290 initial cash invested.
-4.61%
Cash On Cash
5.7%
Cap Rate
0.86
DSCR
$1,917
Rent
-$270
Cashflow
Cash Flow
$1,917 income − $2,187 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,917
Total Expenses
$2,187
Mortgage P&I
72%
$1,376
Property Taxes
4%
$71
Home Insurance
5%
$87
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$211