This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $70,290 initial cash invested.
-1.76%
Cash On Cash
6.56%
Cap Rate
1
DSCR
$2,506
Rent
-$103
Cashflow
Cash Flow
$2,506 income − $2,609 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,506
Total Expenses
$2,609
Mortgage P&I
54%
$1,365
Property Taxes
12%
$304
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276