This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $70,290 initial cash invested.
-3.7%
Cash On Cash
5.89%
Cap Rate
0.91
DSCR
$2,226
Rent
-$217
Cashflow
Cash Flow
$2,226 income − $2,443 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,226
Total Expenses
$2,443
Mortgage P&I
61%
$1,351
Property Taxes
11%
$248
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245