This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $70,500 initial cash invested.
-3.49%
Cash On Cash
5.78%
Cap Rate
0.91
DSCR
$2,211
Rent
-$205
Cashflow
Cash Flow
$2,211 income − $2,416 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,211
Total Expenses
$2,416
Mortgage P&I
60%
$1,322
Property Taxes
12%
$256
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243