This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $70,500 initial cash invested.
-1.53%
Cash On Cash
6.89%
Cap Rate
1.03
DSCR
$3,316
Rent
-$90
Cashflow
Cash Flow
$3,316 income − $3,406 expenses = $90 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
$3,316
Total Expenses
$3,406
Mortgage P&I
42%
$1,393
Property Taxes
24%
$797
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365