This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $70,290 initial cash invested.
-5.57%
Cash On Cash
5.55%
Cap Rate
0.83
DSCR
$2,127
Rent
-$326
Cashflow
Cash Flow
$2,127 income − $2,453 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,127
Total Expenses
$2,453
Mortgage P&I
65%
$1,393
Property Taxes
12%
$250
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234