This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $70,500 initial cash invested.
-1.17%
Cash On Cash
6.96%
Cap Rate
1.02
DSCR
$2,570
Rent
-$69
Cashflow
Cash Flow
$2,570 income − $2,639 expenses = $69 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
$2,570
Total Expenses
$2,639
Mortgage P&I
55%
$1,415
Property Taxes
10%
$262
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283