This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $70,500 initial cash invested.
-3.06%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$2,050
Rent
-$180
Cashflow
Cash Flow
$2,050 income − $2,230 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,050
Total Expenses
$2,230
Mortgage P&I
67%
$1,381
Property Taxes
3%
$63
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$226