This property looks like a bad Mid-Term investment with a projected -1.26% first-year return on $70,269 initial cash invested.
-1.26%
Cash On Cash
6.68%
Cap Rate
1.02
DSCR
$2,655
Rent
-$74
Cashflow
Cash Flow
$2,655 income − $2,729 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,269
Downpayment
20%
$49,780
Closing costs
1%
$2,489
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,655
Total Expenses
$2,729
Mortgage P&I
51%
$1,353
Property Taxes
13%
$333
Home Insurance
4%
$105
HOA
1%
$35
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292