This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $70,311 initial cash invested.
-3.79%
Cash On Cash
6.15%
Cap Rate
0.9
DSCR
$2,050
Rent
-$222
Cashflow
Cash Flow
$2,050 income − $2,272 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,311
Downpayment
20%
$49,820
Closing costs
1%
$2,491
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,050
Total Expenses
$2,272
Mortgage P&I
69%
$1,416
Property Taxes
4%
$74
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$226