This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $70,290 initial cash invested.
-4.39%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,160
Rent
-$257
Cashflow
Cash Flow
$2,160 income − $2,417 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,160
Total Expenses
$2,417
Mortgage P&I
64%
$1,372
Property Taxes
10%
$224
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$238