This property looks like a bad Mid-Term investment with a projected -4.07% first-year return on $70,500 initial cash invested.
-4.07%
Cash On Cash
6.19%
Cap Rate
0.9
DSCR
$2,384
Rent
-$239
Cashflow
Cash Flow
$2,384 income − $2,623 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,384
Total Expenses
$2,623
Mortgage P&I
60%
$1,433
Property Taxes
12%
$292
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262