This property looks like a bad Mid-Term investment with a projected -7.35% first-year return on $70,500 initial cash invested.
-7.35%
Cash On Cash
4.98%
Cap Rate
0.74
DSCR
$1,726
Rent
-$432
Cashflow
Cash Flow
$1,726 income − $2,158 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,726
Total Expenses
$2,158
Mortgage P&I
81%
$1,400
Property Taxes
5%
$83
Home Insurance
5%
$88
HOA
0%
$0
Property Management
12%
$207
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$190