This property looks like a bad Mid-Term investment with a projected -0.19% first-year return on $70,290 initial cash invested.
-0.19%
Cash On Cash
6.9%
Cap Rate
1.06
DSCR
$2,343
Rent
-$11
Cashflow
Cash Flow
$2,343 income − $2,354 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,343
Total Expenses
$2,354
Mortgage P&I
58%
$1,348
Property Taxes
5%
$122
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258